Private Events Venue, Central Auckland
Function & Event Venue
ActiveHospitality & TourismAucklandB2B & B2C
Asking price
$450,000
Disclosed · NZD
Revenue
$833,000
TTM
Owner Earnings
$160,000
Implied multiple
2.8×
asking / earnings
Brief
- Dedicated private events venue in a prime central Auckland location, close to corporate head offices, agencies and affluent residents
- Handles board meetings, executive dinners, off-sites, weddings, product launches, milestone birthdays and cocktail parties for 200+ guests
- Every client gets exclusive use of the whole venue
- Events are pre-booked and pre-quoted, with food, beverage and event management wrapped into one package, so revenue is committed before the doors open and staff are rostered to confirmed bookings
- Currently 100% under management with the owner living overseas and nobody on the ground selling
- Mid-week is barely used, leaving clear upside for a hands-on owner without capital or a concept change
- Blue-chip corporate client history and a long lease in place
More hospitality & tourism businesses for sale
- Motueka Backpacker Hostel & Accommodation BusinessBackpackers / Hostel · Tasman · $425,000
- Escorted Group Tour BusinessTourism Operator · Auckland · $450,000
- Beaumont Apartments Management Rights, Mount MaunganuiManagement Rights · Bay of Plenty · $2,495,000
- Rotorua Accommodation & Holiday Park – ~100 UnitsHoliday Park · Bay of Plenty · $1,180,000
- Central Christchurch Hotel - Leasehold BusinessMotel · Canterbury · $2,450,000
- Freehold Motel Investment - GoreMotel · Southland · $1,990,000
- Motel Leasehold Opportunity, GoreMotel · Southland · $499,000
- Freehold Motel, CambridgeMotel · Waikato · Price by Negotiation