Stoney River Award Winning Restaurant and B&B Business For S

The Stony River Hotel is situated on the Surf Highway 45 Coastal Taranaki. This commanding corner location on the fringe of Okato township is extremely popular with international guests and coastal residents. The current owners have undergone extensive alterations including updating their two bedroomed sunny residence which adjoins the Hotel.
Accommodation provides seven boutique ensuite rooms with fantastic rural and or mountain views which can sleep up to 18 guests.
The restaurant has a capacity for 50 guests and separate lounge area seats a further 20 guests. An open plan kitchen provides good working space and access to the café restaurant. Evening Takeaways presently provide a high percentage of income and a potential buyer could also extend their business by including a lunch takeaway menu. There is also a mobile takeaways food trailer which travels to specialised events - a chance to have a bit of fun travelling and meeting people.
Parking is excellent both on site and roadside which provides the ability to support large functions while the Garden Bar area and yard has a liquor license over the total area. Further potential exists here.
This is a must to inspect. A great opportunity to reap the benefits this double business offers.
A perfect time to secure the Stoney River B&B and Restaurant and benefit from the highs of the summer and Christmas trade.
Inspection by appointment only with the owners agent.

For Sale: $P.O.A

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Main Property Features

Listing Number: NP7309

Business Name:
Stony River
Property Type:
Restaurant / Cafe, Other (Hospitality)
Turnover $:
Turnover: $506,173, Per: Annum
Lease details
  • Rent $: 25,000
Number of staff
  • Full time: 3
  • Part time: 4
Opposition:
Nil
Listing price details
  • Total (plus GST if applicable) $: 350,000 + SAV
  • Vehicles $: 14,000 (trailer)
  • Tangible assets $: 126000
  • Intangible assets $: 200000
  • Stock $: 10000
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Harcourts New Plymouth

Team Taranaki Ltd

Licensed REAA 2008

51 Devon St West
New Plymouth
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