A prosperous and sleek hospitality business and function venue with a substantial catalogue of future bookings well into 2025 has been placed on the market for sale.
Currently trading as The Old Forge Kitchen cafe, the visually appealing 120-seater food and beverage destination is constructed with rustic recycled timber and chic long-run iron – sitting on approximately 3,541 square metres of freehold land some 3.5 kilometres south of Te Aroha township in the Waikato.
The modern and very stylish barn-like 674-square metre premises with a prominent street frontage is located across the road from the 37-kilometre Te Aroha to Matamata bike trail, with its bike racks regularly full of passing cyclists taking time out from the pedalling pleasure to enjoy a tasty breakfast or barista coffee.
The Old Forge Kitchen is open five days a week during the day from Wednesday to Sunday, while hosting evening functions by arrangement. The venue’s large kitchen is fully fitted out with commercial grade foodservice equipment – including a walk-in refrigeration unit in addition to free-standing chillers, ovens, a grill hob, dish washing unit, and deep fryer sitting amongst stainless steel plating and serving benching under a large extractor ducting unit.
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The kitchen’s high spec foodservice equipment, combined with spacious working layout, is capable of simultaneously preparing food for both a private function, and for customers dining in the main café area.
The land, building, and going concern The Old Forge Kitchen food and beverage and functions business at 9 Alexandra Road in Te Aroha West are now being offered for urgent sale at auction on December 5th through Bayleys Hamilton.
Salesperson Josh Smith said business was being marketed for sale as a matter of urgency due a change in the owners’ personal circumstances.
“The Old Forge Kitchen has dual revenue streams – firstly as a well patronised café during the daytime, and secondly as a function venue at nights and on weekends. The business has a strong forward bookings calendar of confirmed weddings, anniversaries, family gatherings, and corporate events throughout the rest of this year, and well into 2025, and these bookings will of course be automatically transferred to any new owner/operator of the venue,” said Smith.
“The current owners, while buoyed by the prosperity of The Old Forge Kitchen, are reluctantly having to sell the business, land and buildings, due to a change in their personal circumstances. A purchase price is likely to be below what it would cost to build the premises new, so there is significant value to be acquired immediately by any new owners.
“Construction and interior décor fitout of The Old Forge Kitchen was undertaken to the highest standards – and this is reflected in the customer amenities and ambience both inside and outside the building,” Smith said.
The licensed Te Aroha landmark venue is a food and beverage magnet to the nearby resident population catchments of Paeroa, Morrinsville and Matamata.
Supported by expansive customer and staff parking to the side and rear of the building, The Old Forge Kitchen features a peaceful garden area under the shade of an old oak tree at the rear of the building, and a separate covered deck for al-fresco dining.
- Supplied by Bayleys
