Methven is an agricultural hub for Mid-Canterbury and more importantly a mecca for tourism across the region. Two hospitality businesses that stand a cut above the rest, The Blue Pub and The Brown Pub are rarely left out of any conversation about the district, and both have hit the market for sale.
With its abundance of tourist attractions including skiing, hot-air balloons, mountain biking and hot pools, Methven is responsible for a huge surge in domestic tourism across Canterbury and both pubs have been reaping the rewards.
The Blue Pub is a landmark in the heart of Methven, offering a warm welcome to tourists and locals alike. This pub boasts a spacious bar with a cosy wooden interior and a vast outdoor experience for warm summer nights.
The restaurant has two separate areas, perfect for intimate dining experiences, serving sought-after generous, pub-style meals.
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The large function room and outdoor area have their own bar, allowing for events year-round and a popular location for local gatherings.
Upstairs, 23 guests can find a comfortable stay in various configurations, including the potential for a new owner to live on-site which would suit someone looking to escape the city life.
With financials showing a turnover in excess of $1.4 million for six months of trading and a net profit exceeding $240,000, The Blue Pub is an opportunity to invest in an internationally renowned hospitality business that provides a picture-perfect setting for a true Methven experience.
The Brown Pub is a beloved local hangout that underwent a major refurbishment and rebranding following a fire in 2019 and has become a vibrant destination for both regulars and visitors.
Known for its delicious snack menu and family-friendly atmosphere, the pub sees a number of cyclists and boaties dropping in during the summer and hosts brilliant après for skiers in the winter.
Boasting modern accommodation with stunning views for up to 27 people, The Brown Pub is one of the must-stay locations in Methven with a good mix of domestic and international guests.
With an annual turnover of over $800,000 and net profit exceeding $100,000 in just six months of trading, The Brown Pub presents a profitable opportunity and amazing lifestyle in one of New Zealand's most beautiful destinations.
Significant investment in Methven has focused on year-round activity in with the new Ōpuke Thermal Pools and Spa attracting an extra 100,000 tourists to the town in its first year, helping offset the seasonal shoulder from the peak ski season and filling the pubs in quieter months.
Methven has seen the largest population growth in the Mid-Canterbury region with new work-from-home dynamics allowing people to flock to the region, bringing more local activity to the pubs.
ABC Business Sales Canterbury broker Donna Apes says: “These two hospitality businesses have stood the test of time, with a rich history, phenomenal food and service and a beloved reputation to boot.”
Methven supports some of the most significant agricultural and tourist-based activity in New Zealand and the Blue and Brown pubs play essential roles in the town’s economy.
Contact: Donna Apes, ph 027 570 1872, email [email protected]
— Article supplied by ABC
