Price
Tender closes 14 August 2014
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Northland Region, Whangarei
Category
Accommodation/Motel/Hotel
Listing #
17701
Mortgagee Says: MUST BE SOLD.
For sale by tender – Closes 4pm 14 August 2014.
LINK Business – Level 1, 401 Great South Road, Ellerslie, Auckland
Exceptional location near Whangarei Airport.
40 year trading history.
21 Executive rooms + Top notch conference and wedding facility
Vie Restaurant (indoors)
Lava Garden Bar (outdoors)
Conference facilities include 4 separate areas ranging from a boardroom setting for 8 to the restaurant area with seating for 130.
Premier wedding destination in Whangarei – designed / customized menu options for guests + secret outdoor waterfall.
Investment Opportunity:
Flames International Hotel is for sale by tender. Included is the Freehold Going Concern on two titles.
Accommodation block of 1288 m2.
2 bedroom owners apartment with balcony & garage.
On-site laundry + guest laundry.
Swimming pool & courtyard area.
Restaurant & Lava Bar + Cabana
18 Car Parks
Vendor financing may be offered to pre-approved purchasers.
Full financial documentation available.
Mortgagee WILL NOT accept offers prior to the close of tender.
This property is being sold by the mortgagee under the power of sale and so none of the usual warranties shall apply.
Enquire Now for a comprehensive IM & financial information.
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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*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.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
