Decades in the making, a kiwi icon hits the market.
Can you imagine being the proud owner of New Zealand’s most beloved pub? Picture this: you wake up every day to the scenic views of the Coromandel, a stellar reputation on your shoulders, and a hefty turnover exceeding $1m a year coming through the door.
Life is good!
Located in a rural village in the breathtaking Coromandel Peninsula is New Zealand’s crown jewel, Coroglen Tavern. This is both a business and freehold property all wrapped up in one, situated on Tairua-Whitanga Road overlooking the tranquil farmlands.
Alanah and Theresa Eagle from LINK Business Brokers have been engaged by the vendors of Coroglen Tavern to market this fantastic opportunity.
The Eagle sisters say, “Coroglen Tavern has been a thriving business for decades and has earned a respected reputation as one of New Zealand’s most iconic, beloved and must-see spots.” Surrounded by popular tourist attractions like Cathedral Cove, Hot Water Beach and Whitianga; Coroglen has itself become a bucket-list destination.
Although a secluded country pub, The Coroglen Tavern truly transforms during summertime. Over the Christmas and New Year period, the pub hosts a handful of various gigs that draw in crowds of up to 2,000 from all over New Zealand!” say the sisters. “Coroglen is renowned for attracting the most popular musicians and bands from across the country”, it’s a must visit on your road trip around The Coromandel.
“It’s a year-round destination pub because of its established and unique role in New Zealand history and culture.”
“We have focused on providing fun and engaging hobby nights for a range of demographics,” says the vendor.
“One of our most notable regular events is the weekly Thursday darts club. It was established several decades ago and has become a significant part of The Coroglen Tavern’s historical legacy that proudly continues to draw in locals and travellers alike.”
The vendor pointed out that being an iconic destination pub with a loyal local patronage has insulated The Coroglen against the full extent of the covid downturn that other hospitality businesses have faced.
“It’s a resilient business with a built-in customer base,” say the Eagle sisters.
“As the new owner, you can be at ease knowing that Coroglen Tavern has long-established itself as a venue like no other. With a flurry of successful events over the last 75 years, its special role in Kiwi event culture is unwavering.
“This well-oiled machine could run itself on reputation alone. “If you are looking for a business with ample unique features and a great ability to earn profit, then Coroglen Tavern is a serious contender.”
With the freehold property also for sale, the rare opportunity exists to buy the business and invest in real estate at the same time. This is perfect for an owner operator to take the reins or investors looking for a quality business in a tourist hotspot.
Coroglen Tavern is an iconic Kiwi pub and a staple of New Zealand hospitality. This incredible opportunity will not be on the market for long.
The business is priced at $500,000 plus the freehold which is priced by negotiation. Buyer interest is already high so get in quick if you would like to secure your future as the new owner of this national treasure, with a legendary reputation and great profitability!