Ad ID: 74555 Inactive

Hotel for Sale Nelson

The Turf  - leasehold for sale

Location:
Asking:
Negotiable

Business for Sale Description

Hotel for Sale Nelson

A substantial hospitality offering, the iconic Turf Hotel is well known and very well patronised. Revenue streams from 18 gaming machines, a popular bar, full service TAB, a vibrant restaurant "The Bach" and guest accommodation upstairs. Renovations and strengthening on the building have been completed and a new lease at market rental will be in place. The Turf is a leading performer showing good profits and along with a profile location has an attractive garden setting and outdoor seating areas.

With strong community and sporting relationships in place, The Turf enjoys a marketing services agreement with Dominion Breweries and the 18 gaming machines are through the Mainland Foundation Trust. The six renovated guest rooms are upstairs and attract overnight and longer stay guests.

This business will appeal to operators looking for strong cashflow, healthy profits and a well set up and presented business with all systems and suppliers in place to continue operating successfully.

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