Weddings, Functions and Restaurant Superstar!

Auckland City

$1,290,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c1m1y1



A simply superb venue just north of Auckland

This fabulous venue is located in an area north of Auckland with major growth and is very much in a high income catchment area.

All the hard work here has been done and it is ready for a new owner to continue the impressive growth it has experienced over the last few year.

Sales are in excess of $2.3m per annum and there are plenty of forward booing in place. In fact, 45 weddings are already booked in for the coming year!

The premises is deeply impressive with great separation between the different business areas. The owners have invested significantly and it shows.Excellent food and beverage splitSales in excess of $45,000 per weekFabulous wedding venueAdvanced wedding and group bookingsIncome streams from restaurant, bar, weddings and functionsOnsite two bedroom, two bathroom apartmentRent around 7% of salesNicely profitableYear-on-year growth and huge opportunity for continued growth

If you are a dynamic individual capable of handling a multi-income stream hospitality business, this is exceptional buying and a truly desirable location.

Asking $1.29m plus stock
Ref: EL01309
Timestamp: 20180426054527

Enquire about this business