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Café 469 & Motels Freehold Business For Sale

Oamaru, Otago
Asking Price:
$870,000 (NZD)
Sales Revenue:
$100K - $250K (NZD)
Cash Flow:
$100K - $250K (NZD)

Here’s why This may be Your Perfect Business

Café 469 & Motels (Oamaru) – Freehold Going Concern in Prime Main Highway location

This business has allowed the current owners to enjoy a great lifestyle for the last 13 years. However they now wish to ‘retire’ and it is time for someone else to reap the rewards. The good news for new owners is the huge potential to grow the business and add significant value to the freehold.

The substantial ‘coffee bar/takeaways’ with upstairs 3-bedroom owners accommodation, together with 3 x comfortable motel units, is set on the busy main highway into Oamaru. This great location, 2 minutes’ drive from the centre of town and close to major sporting grounds and high schools, draws on a strong captive market together with passing traffic. The owners comfortably manage this as a 2-person operation, with the café currently only being opened from 8am – 3pm, 5 days pwk.

As you approach Oamaru from the North it is hard to miss Café 469 & Motels. The spacious café has a warm, inviting atmosphere with ample sit-down room for the busiest times. Complete with commercial kitchen and large chiller it has everything you need.

Upstairs in the main building (built circa 1952) is the owner’s accommodation featuring 3-bedrooms and large living area with pleasant outlook across the highway to the opposite hills. It is in original condition with some amazing art-deco features. The windows have been tastefully double-glazed to ensure Winter comfort and general quietness.

The 3 x self-contained Motel units to the rear were built in 1953 along the style of art deco with ornate plaster ceilings. An added feature is the lovely private yard and flower garden that guests freely enjoy. All the units have been tastefully refurbished including double-glazing, new kitchens and bathrooms but still retain the ‘art deco’ style. 2 units have 1 queen-size and 1 single bed, the third has 1 queen size bed & 2 single beds. All units have LED 32" flat screen T.V.s with their own sky decoder plus sport. Some recent guest comments include “A Home Away from Home" "Best Value for Money" "Hidden Gems".

This substantial freehold business is realistically priced for a quick sale. A business of this quality that a) is suitable for a couple b) has on-site living c) has a diversified income stream d) has significant potential to add value e) is freehold and e) is less than $1M does not come along very often! Interested parties should contact me now for further information!

Property information

Real Estate:

Real Property Included

Living Accommodation:

3-bdrm upstairs owners accommodation with art deco features in original condition

Location:

Set on the busy main highway into Oamaru. This great location, 2 minutes’ drive from the centre of town and close to major sporting grounds and high schools

Premises Details:

Substantial ‘coffee bar/takeaways’ with upstairs 3-bedroom owners accommodation, together with 3 x comfortable motel units

Size in square feet:
5,000 (approx)

Business Operation

Expansion Potential:

Significant scope to grow the business and add value to the freehold. Current owners only work 5 days pwk and close the cafe at 3pm.

Reasons for selling:

Retirement

Trading hours:

Cafe Monday-Friday 9am - 3pm

Contact Information

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