Gibbston Tavern, QueenstownListing: #CS00519
About this Business for sale in Queenstown-LakesGibbston Tavern, Queenstown
This is an exceptional opportunity to purchase a unique tourism hospitality business in Gibbston, Queenstown.
Reasons to buy
- Sales are on a growth path
- High potential for growth
- New long-term lease
- Option to obtain exclusive use rights to The Stables
- Great location
- Growth in new tourism ventures in Gibbston
This purpose-built complex (built in 2011) sits in the heart of Gibbston and is located on the historic site where the original Gibbston Hotel proudly stood in 1861. Set among remnants of the past and snow capped mountains, the Gibbston Tavern offers hearty meals, a takeaway menu, local wines and craft beers; all to be enjoyed in the sizable outdoor area, offering a wood fired pizza oven and garden seating sheltered by mature trees. Another fire roars inside, in the rustic surrounds of the tavern, ensuring guests are cosy during the cooler months. The tavern can accommodate up to 30 patrons seated inside, with seating outside for 42. There are plenty of bike racks and ample car parking.
The Stables, adjacent to the Tavern is not included in the sale price, however, a new owner could take up the option to have exclusive use for a hire charge each time it is used. The newly renovated Stables building features include a spacious indoor dining area that can accommodate up to 50 people seated or a standing and canape service for up to 70. There is also a bar and service area, a private sunny courtyard with open fire and fantastic mountain views.
The Gibbston Tavern, just 20 minutes from Queenstown, is adjacent to State Highway 6 and the Gibbston River Trail which links directly to the Queenstown Trails; this is a convenient stopover for travellers, bikers and walkers. The Gibbston Trail is one of the most popular tracks in the Wakatipu basin.
The Gibbston Valley, also known as the 'Valley of the Vines', is one of the most scenic wine growing areas in NZ. Vineyards are sandwiched, sometimes precariously, between rugged schist mountains and the rocky Kawarau River gorge. Things to do in Gibbston include wine tours, AJ Hacket Bungy, 4WD tours, biking, hiking, rafting, breweries, jet boating and most satisfying of all ... is a hearty meal and relaxing drink at Gibbston Tavern! There are also numerous proposed tourism ventures for Gibbston, namely a heli-biking/walking/skiing business as well as Oxbow Adventure Co's adventure playground at Victoria Flats, which will comprise jetsprint boats, 4WD off-road buggies, and claybird shooting. That is due to open mid-summer 2020.
Visitor arrivals to New Zealand are expected to grow 4.0 per cent a year, reaching 5.1 million visitors in 2025 — from 3.9 million in 2018. Total international spend is expected to reach $15.0 billion in 2025, up 34 per cent from 2018 (Source: MBIE May 2019). Take the opportunity now to invest in this growth sector!
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
+64 3 366 3394
+64 21 177 9760
*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.