Managed Profit Exceeding $1,000,000Listing: #WL00434
About this Business for sale in Central North Island AreaManaged Profit Exceeding $1,000,000
Whoever said the tourism sector was in trouble forgot about Forgotten World Adventures. This business has thrived through COVID, based on their predominantly domestic market. Kiwis have been seeking the unusual at home and FWA has provided this in spades. Utilising the mothballed Stratford to Okahukura rail line and modified golf carts, this business has a 10-year history that has developed diversity, efficiency, and exceptional profitability.
Assets include; all rail and road vehicles, a 30-year NZR operating lease, jet boat, 15 room motel and other land-based assets. Opportunities for further growth and diversification are abundant, with the exciting researched opportunities that lay ahead.
This is an exceptional business catering to clients who are happy to spend on unique experiences. Astute investors will recognise that this is a high-end product catering to clients with means, irrespective of COVID or economic conditions.
Currently generating a 50% ROA, and a very strong ROI, this fully managed business produces an exceptional return.
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
***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.
*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.