SOLD

Wedding Venue NW Auckland EBITDA $330K

Auckland

This is a well-established and profitable venue in a beautiful location in Auckland’s 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
Auckland
SOLD Aug 18 plus GST
Leisure/Entertainment 
Listing ID DV10485

Price

SOLD Aug 18

Ivan Tava

Business Sales & Transition Specialist
Licensed under the REAA 2008

Divest Business Sales

B:HIVE
Smales Farm
Takapuna 0622
Auckland
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Confidentiality Agreement