Ad ID: 70720
Wedding Venue Business for Sale North West Auckland
Wedding Venue NW Auckland EBITDA $330K
Business for Sale Description
Wedding Venue Business for Sale North West AucklandThis is a well-established and profitable venue in a beautiful location in Aucklands North West. It has experienced significant year-on-year growth and improvement under the current ownership who have built a strong team and run it as a managed business. As a consequence of improvements made the average size of wedding hosted has grown from circa 200 to over 400. They have also grown the customer base of regular and casual conference customers providing sustained revenue and cashflow in the off season (April to September). The path has been paved for for continued and sustainable growth.
High level of advanced wedding and group bookings
Strong income streams from ancillary services such as photographers, florists and DJs
Conference work provides a sustainable base of regular customers in the off-season
Excellent lease (3 x 5) constitutes circa 7% of sales
This is exceptional buying in a truly desirable location.
Price $1 million plus stock.
Complete a Confidentiality Agreement for this business at www.divest.co.nz
Interested In This Opportunity?