Own a Lion! Over $250,000 Net Profit!
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Thats right. You can own your own Lion. The majestic Red Lion Inn located in the heart of the beautiful city of Whanganui is on the market to sell. Standing proudly on the banks of the river, overlooking the city, "The Red" has been offering amazing hospitality since 1935.
Beautifully restored, the current owners have kept the essence of the old character of the building while incorporating a trendy modern feel.
The business includes a cafe lounge bar with a cosy open fire, and covered veranda for outdoor dining. A cafe / bar menu is available along with the option to order from the restaurant menu if desired. Next to the cafe is a public bar and gaming lounge which is a popular venue for locals and tourists alike. Offering a mixture of live and DJ entertainment on Friday and Saturday nights, makes the Red Lion one of Whanganui's busiest nightlife destinations.
Up the magnificent staircase you will find the fine dining restaurant offering a delicious menu created by the talented chef. Also, on this floor are two function rooms providing revenue from business conferences and meetings to private social events. This business truly caters for all.
With a current revenue exceeding 1.2 million, and a healthy return to the owner, this is your opportunity to purchase an amazing business in the hospitality industry.
The Red Lion is being sold as a Freehold going concern which includes the 1,862m2 land and buildings.
Contact Kim Struthers to learn more.
Business Price $600,000 + estimated stock value $15,000
Freehold Price $964,000