Leisure & Entertainment business for sale in Nagambie
- Leisure & Entertainment
- Royal Mail Hotel Nagambie VIC 3608
- $650,000 No GST Plus Stock
Iconic Leasehold Hotel
- Bistro, Children's Play Area, Bottleshop, TAB, Beer Garden
- Convenient 5 Bedroom On-site Residence
- Solid Customer Base
- Fantastic Location
- Excellent Opportunity for Growth
The iconic Royal Mail Hotel in Nagambie (also known as "The Top") has serviced Nagambie and the surrounding areas for almost 150 years. Situated on the corner of High and Vale Streets, this historical building and location provide excellent exposure to passing traffic.
The business is well known among locals and visitors alike for its exceptional dining experience and warm hospitality. Featuring a formal dining room, children's play area, relaxing club lounge, bar and TAB with self-service machines, information terminals and ATM, this venue has something for everyone. The business also boasts a well-stocked drive through bottle-shop and attractive courtyard/beer garden.
The Royal Mail Hotel is run under a Buying Group Agreement with Liquor Marketing Group (LMG) Liquor Marketing Group was established in 1977 alongside its banner group, "Bottlemart". LMG is one of Australia's leading alcohol marketing groups; proudly representing more than 1,400 independent operators in the Australian retail packaged liquor sector.
The business also operates under a Services Agreement with Tabcorp. The group operates market-leading businesses and is the largest provider of lotteries, Keno, wagering and gaming products and services in Australia. TAB is Australia's biggest multichannel wagering brand, offering a broad range of betting experiences across digital channels and in retail.
The Royal Mail Hotel provides live entertainment every Friday and Saturday and promotes four "Cabaret Shows" per year featuring tribute bands and solo acts. The business sponsors all local sporting clubs and major events and runs four annual fundraising events each year along with topical fundraising events such as drought relief and bushfire relief.
The revenue for the Liquor Retailing industry, Horse and Sports Betting industry and Pubs, Bars and Nightclubs industry is forecast to increase over the next five years. This combined with an increase in the Nagambie property market over the last 12 months and expected continued sustained growth over the next 5 years, represents some excellent opportunity for growth.
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|Last updated||13 Feb 2020|