Owners nearing retirement allowing the opportunity for someone to own a local Beach Town Icon
Finns Hotel and Restaurant has been successfully operating in the highly popular Kapiti Coast Beach Township of Paekakariki for over 10 years. Underpinned with a solid asset of just under 800 sqm of commercial floor space and currently operating as a Restaurant, Bar, Gaming lounge, Hotel (8 studio units) and Liquor store outlet, this going concern represents a significant opportunity for those looking to invest into a market which is positioned well for growth over the coming years.
Turnover is solid and current growth has been largely organic, as the current owners are the first to admit that they don't know a great deal about the latest marketing mediums. This said, the last financial years turnover still registered a double-digit percentage increase. With Paekakariki already being highly regarded as a holiday destination by many, this opportunity should be well positioned to grow considerably more in the right hands. The recent turn of events has directed New Zealanders to look local when it comes to travel.
For further information contact Brent Allan to obtain a copy of the NDA to fill out. This will be followed by a quick phone discussion to ensure buyer budget is in line with investment prior to proceeding further with financial information.
Virtual 3-D tour of the Hotel rooms are available on request.
Current Building R.V. $2,160,000.
For Sale by Tender 16 July 2020. Vendor reserves the right to sell prior.