Function Centre For Sale In Western Sydney For Sale

Business description

Established by the vendors in 1984 the business is based in Western Sydney on the beautiful Nepean River. The business specialises in Morning and Afternoon River cruises with Devonshire Teas, Buffet Luncheon Cruises and Sumptuous Three Course Dinner Cruises. The business runs two vessels both of which are extremely popular for private charters and are booked many months in advance for Weddings, Birthdays and Corporate Functions, corporate events and training.

Owner seeks retirement and will assist in vendor financing the right buyer. Must be seen to be appreciated.

Total sales = approx. $1 million P.A.

Vessels valued at approx $1.5 million

Full financials available to qualified enquirers

Property information

Real Estate:

Lease

Lease terms:

$21,000 p.a for rental of office and slipway

Leasehold rent:

$20,800 per annum

Leasehold rent:

$520 per sq ft per annum

Living accommodation:

no

Location:

Western Sydney

Premises details:

There are offices of 53M2 at $20,800 p.a. Lease vcan be extyended as necessary

Other information

Expansion potential:

Unlimited . This venue and business is not widely known throughout the greater Sydney Market and has the potential to grow in 'leaps & bounds' to accomodate all functions including weddings etc but may other areas are untapped such as Corporate Training. It would be a significant and different venue for a Corporate Training location of some note and popularity.

Planning consent:

All necessary license are inplace and the business is currently run undermanagement

Competition / Market:

No Direct Competition

Support & training:

This is a fully managed business with full handover support and training.

Reasons for selling:

Owners retiring

Trading hours:

As pre the cruise schedule

Financing available:

Owner will assist the right buyer with Vendor terms

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$25,000

Related documents:

• 
• Confidentiality Agreement