Restaurant & Events Superstar. Matakana Area

Auckland City

$1,150,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c46jg2



Exceptional venue in this wonderful location just north of Auckland.

This is a well-run business with sales of over $52,000 per week on average and is growing nicely! Sales are up over 13% on the previous year and we still have a bumper summer coming with plenty of weddings and functions locked and loaded.

If you are looking for a solid business with multiple income streams and with still a heap of room for growth - this one is very special!

This calendar year this place will have hosted 50+ weddings! There are 40 advance bookings already for the coming seasons!

The main restaurant is open just 3 days a week when there are no weddings and there is a separate second venue that serves trend setting food that remains open 7 days per week.

The Matakana region is an area of very strong growth and is very much a high income catchment area. Whilst there is some seasonality in the business, that great mix of restaurant, bar, weddings and events means that it remains solid throughout the year.Excellent food and beverage splitSpectacular settings and beautiful set upSales in excess of $52,000 per week and growingFabulous wedding venueAdvanced wedding and group bookingsOnsite two bedroom, two bathroom apartmentNicely profitableYear-on-year growth and huge opportunity for continued growth

A working owner should make well in excess of $350,000 on current trading.



Asking $1,150,000 plus stock

Reference: EL01884

Nick Giles

021 676 832

DISCLAIMER

Note: 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. Please contact the broker for further details.
Ref: EL01884
Timestamp: 20191118054559

Enquire about this business