Premier event structure provider

Lake Wakatipu, Queenstown-Lakes

$245,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c4yyx4

Unique temporary structures for the premium market - Price Slashed - vendor finance possible.

This is a genuine urgent sale. The vendor lives in Australia and is seeking a sale before next season.

Since being established in 2012 the business has provided bespoke temporary structures for many of the leading international and domestic events staged throughout the country using their premium European equipment.

Located in the South Island the focus of the business has been in the Queenstown Lakes District servicing major sporting events, luxury weddings and business promotions. The business can be operated from any location in New Zealand. The market for the products in Auckland is large, there is a big gap in the premium market.

The sale of this business represents an excellent opportunity for an existing market participant or buyer to acquire a range of premium European equipment at a very favourable price. This equipment is in superb condition, with the replacement cost being around $400,000. The business has extensive industry contacts in the premium market.

The business operates for part of the year during the summer and autumn periods, and is capable of generating significant profits (2017 cash surplus was around $240,000) however with the vendor living in Australia and working internationally the business has suffered from neglect. The vendor will provide generous support and training to a purchaser.

Contact Colin Askin promptly for further details.


Price Reduced: $245,000
Turnover: $320,000 (2018 financial year).

Enquire about this business