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A classic rural hotel in the heart of the Rangitikei, the Club Hotel in Marton provides that warm friendly hospitality that you only find in the country. The owners are eager to move on to new projects and are letting this business go at a very attractive price. The lease expires in October and the landlord has drafted a new 10 year lease for a new owner.
With a public bar (sports bar), a lounge bar, 18 gaming machines and a restaurant, this hotel has ample revenue streams. The gaming machines alone generated $101,000 (inc gst) in site rentals in 2015 and the comprehensive asset list tallies to $88,000.
The owners have already moved on in their minds and the facility is seriously underperforming. This is an ideal opportunity for a husband and wife team or a family to take this gem on and fire it up to it's full potential. With owners accommodation that has 5 rooms and an annual rent for the hotel of $30,000, this is a seriously cost effective offering for raising a family in a rural setting where your home is also your income.
The Vendors are very keen to sell and will consider all offers.
BE QUICK!!
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
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