Iconic Hotel Business For Sale
Kurow, Waitaki Valley, New Zealand



Everyone knows it’s "The Top Pub"

The Kurow Hotel is a historic country hotel with great character. It was built about 1880 to profit from the opening of one the first bridges to span the nearby Waitaki River.

The Waitaki River is one of New Zealand' most important power-generating rivers with hydroelectric lakes at Waitaki, Aviemore and Benmore. There is excellent salmon and trout fishing throughout the river system and on the hydro lakes. The hydro lakes also provide excellent conditions for all year boating activities.

Kurow is the main business centre for the whole of the Upper Waitaki region, and for the hydro schemes. The town is steeped in history with many heritage buildings and its own unique museum. In more recent times, new vineyards along the Waitaki Valley have produced some excellent wines, particularly pinot noir.

Popular stopping place with easy parking

The Kurow Hotel is located on State Highway 83, the main northern route to Central Otago and Queenstown. The hotel with its delicious food at affordable prices is a popular meeting place for locals and farmers. The hotel is also a favourite with visiting fishermen, hunters, and boaties as well as with tourists by the bus load.

The owner of Kurow Hotel is selling his freehold business because of changed family circumstances. This popular hotel is showing a good profit from sales of alcohol, food, and accommodation. It is the ideal size for a husband and wife partnership who want a going concern business that will trade from day one. An interest in fishing, jet boating, water skiing, shooting or outdoor sports would be an advantage.

Hospitality, food, gaming, and accommodation services

Kurow Hotel caters to locals and to the travelling public for:

• Bar and bottle store sales of beers, wines and spirits.
• Food- bar snacks, restaurant lunches (midday-2.00 pm) and dinners (5.00-8.30 pm).
• Private Functions (held in the back bar).
• Other income - gaming machines.

Accommodation
The Hotel has 17 accommodation rooms on the second storey offering 22 beds and a private apartment on the ground level. The private apartment on the ground level has one bedroom, an ensuite bathroom and a lounge-kitchen-dining room.

Accommodation rooms and guest lounge on the second floor

Freehold premises

The freehold title to land (2378 square metres) at 55 Bledisloe Street, Kurow, is being sold along with a two storey hotel building (2116 square metres). The building is constructed of Oamaru stone with wooden floors, and an iron roof. Interior walls are painted (down stairs) and wallpapered upstairs. The building is fitted with central heating and there is a Kent log burner.

There are two bars, dining room, kitchen, office and laundry on the ground floor. The upstairs accommodation includes one ensuite bathroom. 4 showers and 5 separate toilets. There is also a TV lounge with comfortable furnishings.

The Hotel also offers a guest laundry, ample storage space and lots of car parking. The building has been recently repainted on the outside - half in the colours of Speight's beer and half in the colours of Dominion Breweries. The restaurant, bar and kitchen have also been upgraded.

Ground floor bars, gaming, restaurant and services

Leasehold Option
A leasehold for the business is available to approved tenants, price $280,000 (plus wet stock, plus GST if applicable).

Assets being sold

A complete list of all fittings and chattels is available to interested buyers. Main items include:

Bars and Restaurant

• Bar tables (22), leaners (6), stools (32), nip pourers (23) cash registers (7), Eftpos (3).
• Buffet tables (5), chairs (59), dining tables (9) and chairs (28, piano, pool table, televisions (4).
• Freezer (5), refrigerator (2), ice maker, chiller, dishwasher, bacon slicer.
• Grill, hot plate, fryer, frying station, toaster, microwave oven (2), Bain Marie.
• Kitchen appliances, cooking utensils, cutlery, crockery, glassware.

Accommodation

• Beds (17 single, 5 double) and mattresses, bedding, electric blankets, bedroom furniture.
• Lounge furnishings, television, clock radios, video player, washing machine (2).
• Light fittings, window drapes, wall hangings, floor coverings.

Office

• Office furniture, computer, printer, phone, fax.
• Courtesy van.

Going concern business, ready to trade from day one

Day to day management at Kurow Hotel

Business Hours
The Hotel is licensed from 11.00 am to 3.00 am, seven days. Actual opening hours are at the discretion of the new owner.

Staff:
Kurow Hotel is operated by the two owners with assistance from 4 experienced and friendly staff. If required, the present owner is available to assist the new owner, terms by arrangement.

Stock:
Stock will comprise wet stock at a value of$25,000 to $35,000.

Licences:
Bar Managers Licence.
Food Handling Certificate.

Manuals:
All relevant manuals, price lists, and supplier contracts will be included in the sale of the business.

Advertising and Promotion:
Little advertising is needed as everyone knows it’s a good hotel. Some advertising is done in Travel Guides, local newspapers and on local radio. The distinctive colour scheme and signage is obvious to all who pass through Kurow.

Call Robert on +64 3 436 0850 (day) or 0274 722 453 (anytime)

Kurow is the gateway to Central Otago and the MacKenzie High Country

Kurow is 70 km inland from Oamaru and about 3 hours southwest of Christchurch. Kurow is also about 2.5 hours from Queenstown via Cromwell or Wanaka. About 400 people reside in Kurow with many more coming during the summer months for outdoor adventures. The Kurow Festival in late December-early January, Race Day, and the Kurow market are especially popular.

The Waitaki River is one of New Zealand's largest braided river systems. It offers excellent brown and rainbow trout and salmon fishing from late November through to April. The Waitaki River is also one of New Zealand's best jet boating rivers and it also offers good canoeing water along many of its numerous braids.

There is outstanding duck and Canada geese hunting once the fishing season ends in May. Quail and chukor are also available in season while rabbits, hares, pigs and wallabies can be shot year round.

The Kurow Heritage Centre next to the Kurow Hotel is home to the Upper Waitaki Pioneer Museum and Art Gallery.

To find out more about Kurow and the Waitaki Valley, click on:

http://www.kurow.co.nz/
http://www.tasteofwaitaki.co.nz/
http://www.tourismwaitaki.co.nz/index.cfm/default/Service/ServiceID/312
www.waimatedc.govt.nz/.../kurowbridges.htm
http://www.beautiful-waitaki.co.nz/
http://www.tourismwaitaki.co.nz/index.cfm/Waitaki/Waitaki/
http://www.ostlerwine.co.nz/