66043 Heritage Estate Hosting Contemporary Events
Accommodation/Tourism - Function Centre
Description: History of the Business
This businesses heritage takes it back to 1893, it is a Grand Manor house of significant local heritage, purposely restored in 2000 for Contemporary functions, dining and accommodation. Built by a Doctor, the accommodation is comprised of the original surgery (now the cottage) and the family home (converted to 3 European style suites). Guests staying, enjoy the original tennis court and pool. High ceilings, chandeliers and ornate joinery are reminiscent of a small French Chateau, whilst the decor is eclectic, expect lush soft furnishings, open fireplaces and antiques of the Empire period. The Conversion to a commercial enterprise added a 200 seater State of the Art marquee discreetly positioned in the rear courtyard gardens. It features an adjacent amenities building, housing a spacious well equipped production kitchen, bar and toilet facilities. A heritage designed multi purpose Conservatory within the Manor House adds a second function facility for intimate events up to 50 guests and has its own commercial kitchen and bar. A Ceremonial rotunda sits within the formal gardens.
Operations of the Business
This licensed business conducts 80-90 premium weddings annually ranging in size from 90-200 guests. Deposits and instalments are secure up to 2 years in advance, future-proofing working capital. A considerable venue and accommodation hire component, ensures lucrative income in addition to catering. This business enjoys an enviable, reputation for high quality food and impeccable service. Other events, include high tea (attracting an average of 90 guests weekly), private celebrations, concerts, seasonal events and bus tours augment the revenue stream, as an add-on to the Wedding business. Conferences and boutique style Management retreats also provide mid week opportunities for maximising the income potential.
Key features of the business include :
• Located in a rural pocket, close to beaches and just 90 minutes from Australia’s major Capital City,
• The operation and property is well established, running as a successful and lucrative business with a enormously successful formula,
• Long standing team offering high service standards. Low staff turnover. Reputation for quality in the industry attracts talented staff to perform in a desirable working environment,
• Unique in the Industry : Exclusive accommodation preparation and celebration package, ample on site parking combine to make this business a highly desirable “one stop” venue.
With a solid reputation, deposited event bookings well into 2018, a superb established Grounds and Manor house and a state of the art commercial Kitchen, this business needs no further capital investment. The new owners can simply walk in and continue the hugely successful, tried, developed and tested formula. Due to the nature of the magnificent property, infrastructure and surrounds, the limitations for growth and development are equal only to the vision and individuality of it owners. Bookings secured well into 2018.
Price: $ 5,950,000.00 + SAV
Stock Value: Upon application
Net Profit: Upon application
Turnover: Upon application