Exciting opportunity to purchase the leasehold of this well-located Nelson motel. 

Current business owners are now ready to retire and are offering a strong trading business which is growing with plenty of improvement remaining. 

The motel is perfectly positioned half way between Nelson City and the Tasman District, and strategically located on a close proximity to the airport and Tahunanui beach.

It has 18 well maintained rooms and provides great selection of accommodation options- studio, one and two bedrooms, some of which have wheelchair access or a balcony. Each room has a kitchenette and heat pump. 

The owner has three bedroom accommodation and separate reception.

The operating revenue for the 2021FY was $502,000 and the annual rent is $137,000 + GST.

The international borders are getting set to welcome visitors back to this beautiful region, so now is the time acquire this fantastic opportunity.

All the hard work in respect of branding and compliance has been undertaken with huge scope to increase the revenue through promotion and advertising. Current owners admits that they don’t operate the business to its maximum potential.

A comprehensive handover with medium/long term transition will be provided to fully support the next business owner. No previous experience is necessary.

FINANCIAL INFORMATION: 

The financial summary will be provided to prospective qualified purchasers after a Confidentiality Deed has been signed and returned to Dimitrov & Co Business Sales.

ASKING PRICE: 

$649,000 plus S.A.V.

For further information or to arrange an inspection, please contact Vladi Dimitrov on 021 276 7577 or vladi@dimitrovco.co.nz or visit our website: www.dimitrovco.co.nz. 

Please note for confidentiality purposes, this business has been listed under Dimitrov & Co Business Sales office address.