Frasertown Tavern in the Hawkes Bay Freehold Going Concern is for sale

The Frasertown Tavern near Wairoa in and Hawkes Bay, Freehold Going Concern is for sale.

Frasertown Tavern was opened in 1968 to service the local community, neighbouring farms and the travelling public going to and from Lake Waikaremoana. Frasertown is a rural service town with shops, schools, and amenities, and it is only 8 km from Wairoa.

This is a dynamic community that attracts visitors by the thousand for A&P Show Day (mid January), Wood Chopping Carnival (mid March) and Speed Shearing Events (mid April). The Pool Club meets at the Tavern every Wednesday and there are regular visits from other clubs all through the year.

The Tavern sponsors the local rugby club which brings continuing trade from players and supporters. The weekly football tipping competitions are especially popular.

Frasertown Tavern, with its commercial kitchen and ample bar space, hosts around two Social Functions per month. Functions include Christmas celebrations for Affco, Frasertown Meats, and local businesses as well as weddings, 21st birthdays, and general fun parties.

The Tavern is an established business that has been recently refurbished. It offers two excellently presented bars and function areas, each with a fireplace and comfortable furnishings. Both bars are serviced by a modern kitchen. The freehold title includes accommodation for an owner/manager with 3 bedrooms, a workshop, and a vehicle garage.

This business has come on to the market for the first time in 15 years because the owner wishes to retire. Frasertown Tavern is a lifestyle business opportunity located in idyllic rural surroundings and with "office hours" starting at 1.00 pm. It has a loyal clientele, a growing local community, and excellent accommodation for the whole family.
 

Frasertown Tavern is the heart and soul of the local community

The Tavern caters for local farmers, residents of the local community, residents from Wairoa township and travellers on State Highway 38.

The business derives income mainly from:
*  Beverage - bar and bottle shop sales of beers, wines and spirits
*  Food - bar meals and general meals
*  Catering services - for social events, functions, weddings, and parties
 

Freehold premises

Frasertown Tavern is selling the freehold to 0.4 hectare of land in 2 titles at Sutton Street in Frasertown. The land includes Tavern buildings, owner's residence, and lawns and gardens. There is heaps of space for off-road customer parking.

The Tavern is built of concrete block walls on a concrete floor and with an iron roof. Exterior and interior walls are painted and timber panelling is used for additional decoration.
 

The Facilities

*  Public Bar, Lounge Bar and Restaurant
*  Bottle Shop - for Off Licence sales
*  Kitchen - fully equipped commercial kitchen
*  Service Rooms - a separate office and stock storage rooms
 

Accommodation

The attached residence has 3 generous-sized bedrooms, a private kitchen, bathroom, and a laundry. The residence opens out to a large backyard with lawns, fruit trees and boundary trees and shrubs. There is also a large Coloursteel workshop and a shed-garage.
 

Assets being sold

A complete list of all fittings, fixtures, plant and chattels is available to interested buyers. Main items include:

*  Handmade rimu bars (lounge and public bars),
*  Rimu bar leaners (8), pool table
*  Commercial bar refrigerators (2), commercial cold rooms (2), commercial dishwashers (2)
*  Electric commercial oven, grills (2), deep fryer, Two-spit Roast Rotisseries
*  Refrigerator, freezers (2), domestic dishwasher
*  Rimu dining tables (10) and chairs, carpet floor coverings, curtains
*  Heating in residential premises, security alarm
*  Computer, printer, scanner, fax machine, phones
*  Electronic cash registers (2), Eftpos terminal
*  Vehicle - Toyota Hiace Van 10 seater
 

Day to day management at Frasertown Tavern

Business Hours:
Monday, Tuesday and Sunday - 1.00 pm to 9.00-10.00 pm.
Wednesday to Saturday -1.00 pm to midnight.

Staff:
Frasertown Tavern is operated by two full time staff (including the owners) with assistance from one casual staff person. If required, the present owner is available to assist the new owner.

Stock:
Stock at valuation will comprise mainly alcohol and will total about $10,000.

Licences:
Liquor Licence.
Affiliated Member of HANZ.

Advertising and Promotion:
Frasertown Tavern advertises through building signage on State Highway 38, a listing in Telecom Yellow pages, and advertisements in local newspapers. This is a community Tavern and everyone knows all about forthcoming functions and events.
 

Brokers Comments

Now here's a great opportunity to get away from the big smoke and settle in the countryside with a small business to keep you occupied. To have nice country folk as neighbours and friends sounds great to me. Take time out to look at this place.
 

Contact the Broker

 
Ross M. Larsen C.H.A.

Ross Larsen, the Tourism & Hospitality Business Broker that is acting as the agent for the owner of this property is happy to discuss this property's details with you at any time - refer to the contact details on this page.

Frasertown and the surrounds

Frasertown is a small settlement in the northern Hawke's Bay Region of New Zealand's eastern North Island. It is located inland from Wairoa at the junction of SH38, and the inland route (the Tiniroto Road; the former SH36) to Gisborne.

State Highway 38 leads from Wai-O-Tapu via Murupara, The Ureweras, Lake Waikaremoana and Frasertown to Wairoa. It gives a short, but (partly) unsealed, winding and climbing connection to the Central North Island and Rotorua.

Frasertown with a population of about 300 has a butcher, dairy, a transport company, earth moving company, police station and two schools. Other services are nearby at Wairoa (8 km), Gisborne (102 km) and Napier (118 km).

Frasertown is the ideal location for a family who enjoys the outdoors. Its only 50 km to forest-fringed Lake Waikaremoana and New Zealand's third largest National Park, Te Urewera. It is even closer to Mahia Peninsula, famous for fishing, diving and seaside relaxation. There are hot pool spas at Morere, a world renowned Arboretum at Tiniroto and the trout fishing on the upper Ruakituri is awesome.

The town is built on the junction of the Wairoa and Waiau Rivers whose watersheds offer some of the finest trout fishing in the North Island. Today, water from the river system is used for nearby suburban Wairoa and for the local AFFCO freezing works.
 

Frasertown population

From the 2006 Census 297 people usually live in Frasertown. This is an increase of 6 people, or 2.1 percent, since the 2001 Census and has 0.2 percent of Hawke's Bay Region's population.

Population of Frasertown and Hawke's Bay Region, 2006 Census
 
Male 144 71,763
Female 156 76,020
Total 297 147,783
 

Number of occupied dwellings counted

There are 99 occupied dwellings in Frasertown. For Hawke's Bay Region as a whole, there are 55,527 occupied dwellings.