Lifestyle Kayaking Business In Lake Taupo New Zealand For Sale

Business description

Fantastic lifestyle kayaking business for sale. The business is approx 50% retail & 50% tourism and instruction. This business has been established in Taupo for over 10 years, we are now in a superb location and 2 years into a 9 year lease on the most recognisable building town, 'The Castle' on the towns busiest road, with huge exposure.

The business - a specialist kayak store with amalgamated Roof Rack Centre - has a healthy turnover & profit which continues to grow. We offer White Water, Multisport Sea Kayak instruction & NZKI assessments. Our guided trips on Lake Taupo & the surrounding rivers are extremely popular. Hire of kayaks & equipment is also offered.

Above the shop is a 3 bedroom, 95sqm Flat. Open plan, 1 bed en suit, mountain & lake views, currently rented to great tennants.

We are 1 of 8 stores on the North Island, part of a licenced operation. Head office acts as our buying centre enabling us to achieve good margins as a group. It provides ongoing support, marketing & training as required.

At present the business employs 2 full time members of staff & many 'on call' guides and instructors.

Also included in the price: 2 x Toyota Hiace vans, 3 x Kayak trailers, hire fleet kayaks & equipment

Training will be given through Head Office with myself offering support for the change over period as required.

Financial figures available to prospective buyers. Business reluctantly for sale due to change in circumstance. Moving to Oz. Price will vary according to stock levels. Stock value around $100k

Don't miss out on this great opportunity.

Franchise terms

Operated in a democratic way with the owners of the stores (8 stores) making group descisions Franchise terms available.

Property information

Real Estate:

Lease

Lease terms:

9 year lease with right of renewal evey three years (2 years into lease)

Leasehold rent:

$38,000 per annum

Living accommodation:

Above the shop is a 3 bedroom, 95sqm apartment. Open plan, 1 bed en suite, awesome mountain & lake views, currently rented to great tennants. The views alone would set you back $1m in a private residence.

Location:

Lake Taupo Township - New Zealand. Situated on the busiest road in town with ample off road parking and exposure to through traffic and walk by customers.

Premises details:

The building in which the business is situated is the most recognised building in Taupo. Known as the Castle it has been a great landmark for many years. Split level on the corner of a t junction. Lots of knooks and crannies to explore and keep the customers looking.

Size in square feet:

630sq ft

Other information

Expansion potential:

There is room for growth with our kayaking club and also the fast growing multisport training we offer to potential athletes. Also room to expand the Roof Rack Centre within the store

Planning consent:

N/A

Competition / Market:

There is no imediate competition within Taupo. Some stores in town stock a kayak or two seasonally...but most come to us...the specialists.

Support & training:

Training given through head office and myself for aranged cross over period

Reasons for selling:

Moving to Australia to be nearer family.

Trading hours:

9 - 5.30pm 7 days a week (winter closed Sundays)

Financing available:

N/A

Furniture / Fixtures value:

$60,000 (included in the asking price)

Inventory / Stock value:

$100,000 (included in the asking price)

Website:

www.canoeandkayak.co.nz