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Criterion Club Hotel
Location: New Zealand -> Alexandra, Central Otago
Industry: Bars and Nightclubs > Bars and Pubs




Business Summary

MOTIVATED VENDOR

The Criterion Hotel for sale in Alexandra - South Island - New Zealand - Freehold Going Concern

The Criterion Club Hotel, or more affectionately known by the locals as 'The Middle Pub', is one of Alexandra's original hotels.

The hotel provides a full range of food, beverage and accommodation services. The accommodation is targeted towards the budget conscious traveller and it is a particularly popular choice for many sports and social groups as well as seasonal contractors.

The vendors are selling the freehold to land (1,400 sqm approx) and buildings. The property comprises s two storey building originally constructed in the 1870's, although it has had additions and alterations made in various stages since then.

The groundfloor comprises s bar, bottlestore, restaurant, TAB, gaming and garden bar whilst the first floor comprises hotel accommodation rooms and managers residence.

The Hotel Accommodation has a total of eleven guest rooms, seven of which have en-suite facilities. There are additionals shower and toilet facilites, guest lounge and kitchen.

Three Backpacker Bunkrooms are also available.

This is an excellent opportunity to purchase this property as a going concern or as a potential site for an alternative development.

Listed selling price for this Freehold Going Concern Business opportunity is NZD2,000,000 (Negotiable)

For further information on the sale of this business please email or call Tourism & Hospitality Business Broker, Ian Paterson, on 0064 3 409 0093.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1900
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

Photos

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Criterion Club Hotel Photo 1 Criterion Club Hotel Photo 2 Criterion Club Hotel Photo 3




Print Listing Id: 700128897
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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