Restaurant & Events Superstar. Matakana AreaListing: #EL01884
About this Business for sale in Auckland SurroundsRestaurant & Events Superstar. Matakana Area
Exceptional venue in this wonderful location just north of Auckland.
This is a well-run business with sales of over $52,000 per week on average and is growing nicely! Sales are up over 13% on the previous year and we still have a bumper summer coming with plenty of weddings and functions locked and loaded.
If you are looking for a solid business with multiple income streams and with still a heap of room for growth – this one is very special!
This calendar year this place will have hosted 50+ weddings! There are 40 advance bookings already for the coming seasons!
The main restaurant is open just 3 days a week when there are no weddings and there is a separate second venue that serves trend setting food that remains open 7 days per week.
The Matakana region is an area of very strong growth and is very much a high income catchment area. Whilst there is some seasonality in the business, that great mix of restaurant, bar, weddings and events means that it remains solid throughout the year.
- Excellent food and beverage split
- Spectacular settings and beautiful set up
- Sales in excess of $52,000 per week and growing
- Fabulous wedding venue
- Advanced wedding and group bookings
- Onsite two bedroom, two bathroom apartment
- Nicely profitable
- Year-on-year growth and huge opportunity for continued growth
A working owner should make well in excess of $350,000 on current trading.
Asking $1,150,000 plus stock
+64 9 555 6011
+64 21 555 384
*Profit: 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.