Spectacular Wedding Venue! $350,000 ProfitListing: #EL03232
About this Business for sale in Auckland SurroundsSpectacular Wedding Venue! $350,000 Profit
If you love weddings and events, beautiful places and seriously good businesses … then look no further!
This one is a stunner, established and proven Weddings & Events Centre. The current owner has been here for 3 years and has grown the business nicely in that time. So much so that forward bookings add up to around $1.8m in future revenue!!
Despite a challenging year, 2020/2021 saw 59 weddings take place and there are already 87 functions (mostly weddings) booked in going forward.
Located just 20 minutes from Central Auckland, this venue is an oasis of calm set amongst manicured gardens and picturesque photo spots and, yet, it is so accessible.
Key staff are in place from chefs to a talented weddings and events organiser/booker. There is also a great roster of reliable casual staff on call.
- Sales of $1.2m (COVID adjusted) through a tough 2020/2021 year
- Surplus of $350,000 (COVID adjusted)
- $1.8m in forward (deposited) bookings
- A fabulous lease to 2032 in place
- Rent less than 5% of sales
- Strong key staff
- Very well established
- Growth potential
- Heaps of parking
BUSINESS IN A LITTLE MORE DETAIL
The current owner oversees the business and often runs the bar for events and is around to ensure that the functions run to plan. Everything ticks along very nicely and costs are nicely managed.
There is certainly room for growth! Whilst some corporate events take place, there is a massive opportunity for someone with corporate connections to build this side of the business, especially during days where no weddings are booked. The place is ideal for all manner of events from product launches, to conferences but also for team building events – such is the flexibility of the venue but also of the gardens.
There is also the ability to open a restaurant & bar here as many of these places do. It’s a stunning place for lunch or dinner and, again, there is that all important accessibility and parking.
WHO WOULD THIS BUSINESS SUIT?
You may be from the industry and have experience. You may, like the current owner, just be someone looking for a change from corporate life! The business is well established and ready for you to walk straight in to and run. The current owner has proven that you do not need prior experience – just some passion and business acumen.
If you have a passion for event and wedding planning – so much the better. You will not find a better base to indulge that passion.
Mostly, this is just smart buying for anyone interested in a profitable business with such strong forward bookings. What a head start!
Asking $1.2m plus stock
To find out more, go to linkbusiness.co.nz/EL03232 and press the “Enquire Now” button to complete an online confidentiality agreement.
Nick Giles, 021 676 832, firstname.lastname@example.org
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
#wesellbusinesses #wedding #venue #services #auckland
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*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.