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DealProspect/Listings/Hospitality & Tourism

Central Auckland Events and Functions Venue

Function & Event Venue

ActiveHospitality & TourismAucklandB2B & B2C
Asking price
$299,000
Disclosed · NZD
Revenue
$833,000
TTM
Earnings
$160,000
Implied multiple
1.9×
asking / earnings

Brief

  • Private events and functions venue in a prime central Auckland location, surrounded by corporate offices and an affluent local market
  • Hosts board meetings, executive dinners, weddings, product launches and celebrations for up to 200+ guests, with exclusive use per booking
  • Events are pre-booked and pre-quoted, with food, beverage and event management packaged together
  • Fully managed, with an established corporate client history despite the owner living overseas
  • Mid-week trade remains underdeveloped, offering growth potential for a hands-on owner
  • Long lease in place