|Cash Surplus||$150,000 (approx)|
|Turnover||$530,000 (forecast 2019/20)|
This fascinating business was established over 20 years ago by its far sighted owner at Punakaiki. After continuously growing this unique backpacker/motel complex to now be able to accommodate over 50 guests, with the possibility of more, my vendor is off to live in Queensland.
He will retain ownership of the property, and he offers a long term lease at a realistic rental to a person that he believes will share his vision, and be able to continue to grow the business.
After paying the rent, wages and other expenses, a pre-tax profit for this coming financial year is expected to exceed $150,000 for the new hands-on owner (who could also live on site).
Each of the various accommodation units is cleverly positioned in the native bush, and each varies in size from two beds to 20 beds.
This part of the West Coast is soon to benefit from the opening of the newest Great Walks of New Zealand, the $10million Paparoa Track, which starts and finishes close to where the business is located.
The vendor is very proud of what he has achieved, and is wanting a motivated person/couple to share his vision. He is very realistic in his price expectation of $300,000 for the business.
As the sale is confidential please call Charles Deans in the first instance, 027 221 3715.
Turnover: $530,000 (forecast YE2020); Cash Surplus: $150,000 (approx.)