Multi award winning wedding & events business
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Business Description
Donato is an iconic family owned function business that has been creating weddings, function and events in Adelaide for over for over 40 years.
The Donato Reception Centre is situated in a purpose built facility and is capable of hosting functions ranging from 150 - 600 guests. The business
generates income from a number of streams, including wedding and functions, as well as other regular events.
The function centre is set on 7,700sqm of land with lovely landscaped gardens at the front and 140 car parks to the rear.
At a glance:
- Return on owners' investment approx 50%
- Purpose built centre
- Liquor license for 800
- Guarantee forward bookings
- Freehold option available
Tony Iasiello 0412 217 608
Extended Price Information
| Goodwill including Plant & Equipment | $675,000 |
|---|---|
| Stock at valuation (approx) | $25,000 |
| Freehold (optional) | Price upon request |
| $700,000 |
Staff Summary
Three full time vendors, one full time staff member and 27 casual staffLease Summary
| Current Rent | $12,500 per month + GST |
|---|
The vendors own the freehold property and will negotiate suitable lease terms with the purchaser of the business