Weddings, Functions and Restaurant Superstar!
About this business for sale in Auckland SurroundsWeddings, Functions and Restaurant Superstar!
A simply superb venue just north of Auckland
This fabulous venue is located in an area north of Auckland with major growth and is very much in a high income catchment area.
All the hard work here has been done and it is ready for a new owner to continue the impressive growth it has experienced over the last few year.
Sales are in excess of $2.3m per annum and there are plenty of forward booing in place. In fact, 45 weddings are already booked in for the coming year!
The premises is deeply impressive with great separation between the different business areas. The owners have invested significantly and it shows.
- Excellent food and beverage split
- Sales in excess of $45,000 per week
- Fabulous wedding venue
- Advanced wedding and group bookings
- Income streams from restaurant, bar, weddings and functions
- Onsite two bedroom, two bathroom apartment
- Rent around 7% of sales
- Nicely profitable
- Year-on-year growth and huge opportunity for continued growth
If you are a dynamic individual capable of handling a multi-income stream hospitality business, this is exceptional buying and a truly desirable location.
Asking $1.29m plus stock
+64 9 555 6039
+64 21 676 832
*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.