SOLD: Managed Entertainment Cash Cow. $1,000,000+ EBITDA

Prime location with significant refurb recently completed

Address Disclosed to approved buyers

Location Northland

Sales Weekly sales average of $50,000+GST

Asking Price $2,400,000

Listing ID KA2030

SOLD by Mike Ponsonby

Overseas commitments change the circumstances of the owner just as the heavy lifting is done. This business had a significant refurb recently & sales have skyrocketed. Current profits are tracking significantly above forecast and based on year to date will hit $1,000,000 EBIDTA. A plan is in place for additional development to take this business to a higher level within the existing footprint.
Currently run under management, with minimal owner input. The staff are well trained and have developed a great culture including a great team environment with a constant focus on customer requirements. There is a strong following and 100’s of google reviews add social proof to what a rockstar this business is.
Located in a growing provincial city, with a lease that has 20 years to run, and rent is more than reasonable. No technical skills are required. For buyers looking for a strong return on cash and low time input, you won’t find better.

Business Highlights
- Prime location
- Significant refurb recently completed
- Multiple revenue streams
- Capacity for additional revenue streams
- Cash in the bank every night
- Great long-term lease in place
- $970,000 of tangible assets

Sitting on cash & looking for a solid return? Call Mike Ponsonby today on 021 450 049 to discuss this exceptional opportunity.

Asking Price: $2,400,000
Listing ID: KA2130