Bargain buy Queenstown
Lake Wakatipu, Queenstown-Lakes
- Proposed Usage
- Property ID
Stella Events: unique temporary structures for the premium market - price slashed and vendor finance possible.
This is an urgent and genuine sale of a well known and respected business. The vendor lives in Australia and is seeking a sale before the coming season. Approximately $200,000 of forward orders are already booked for the 2019/20 season with more to come.
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. The vendor will provide generous support and training to a purchaser. A local team of experienced subcontractors are available to assemble the structures.
Located in the South Island the focus of the business has been in the Queenstown and Lakes district servicing major sporting events, luxury weddings and business promotions. The business however can be operated from any location in New Zealand. The market for the structures in Auckland is significant, there is a big gap in the premium market.
The sale of this business represents an excellent opportunity for an existing market participant, events provider, or buyer to acquire a range of premium European equipment which is in superb condition at a very favourable price. The replacement cost is 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 period. The business is capable of generating significant profits, for example in 2017 the cash surplus was around $240,000. However, with the vendor living in Australia and working internationally the business has suffered from neglect.
Contact Colin Askin promptly for further details.
Price Reduced: $198,500
Turnover: $320,000 (2018 financial year).