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Businesses For Sale   >>   New Zealand Businesses For Sale

Criterion Club Hotel

Location  New Zealand
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1900
Number of Employees  6 - 9
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Owned

Description  
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.


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