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Franz Josef Oasis Hotel Business For Sale

Franz Josef, West Coast
Asking Price:
$895,000 (NZD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Opportunity to own and operate a quality boutique hotel business in a major tourist destination. The business leasehold interest is for sale with a new 35-year lease available to buyers. The property is just north of Franz Josef township and the hotel complex offers guests a relaxing peaceful stay in quality hotel facilities you would expect to find in an international hotel.
Key Features
• Situated 5 minutes north of Franz Josef town on State Highway 6
• Newly built boutique-style hotel with spacious guest rooms, no replacement cost for the next 5-6 years.
• 20 accommodation suites with contemporary design
• The Gallery Restaurant with seating for approx. 40 people, including alfresco dining
• NZ Landscapes Gallery with photograph display and book sales
• North facing park like gardens surrounding accommodation
• Off street parking
• Plentiful staff housing which is currently under-utilised
• Current owners live off-site and have minimal input. This option is available for prospective purchasers
• This business has very strong growth, yield, occupancy and profitability
The property was substantially rebuilt by the current owners in 2012/13 to create a unique hotel. The facilities comprise of 20 luxury suites; (16 suites until mid Feb 2018 when an additional 4 suites were commissioned), a commercial kitchen and the Gallery Restaurant (seating 40, including alfresco); generous owners/staff accommodation and a gallery for book sales and art display.
Brokers Comments The historical business figures show strong growth. They reflect that the bulk of the 17/18 year was operated with 16 suites only; the four new suites came on-line mid-February 2018. This leaves exciting prospects for future cashflow growth, with all 20 suites now available and in use. This business has very strong growth, yield, occupancy and profitability and based on the latest annual figures the business lease provides excellent return on investment.

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