Queen Street’s crown jewel is up for grabs!
Can you think of a better place to take up the reins of a new business than the city’s entertainment hub? The Metrolanes ten-pin bowling complex is a unique, dynamic business ownership opportunity as Auckland City reopens for business. A point of nostalgia for locals and a place to create cherished memories for tourists. Metrolanes embodies the Kiwi experience and offers an escape from the hustle and bustle of city life. Put your own mark on this inner-city oasis.
Tony Andrew from LINK Business Brokers has been engaged by the vendors of Metrolanes to market this opportunity.
Are you ready to embark on an adventure of a lifetime?
The CBD’s entertainment focal point is the fabulous, new On-Q Entertainment Centre. The Metrolanes ten pin bowling complex is a vital anchor tenant alongside Event Cinemas, Odyssey Sensory Maze and the Gameon Arcade. “Now, international students, cruise ships and domestic and international visitors are returning, and the CBD residential community is resuming life as it should be,” explains Andrew.
It’s only a matter of time before life returns in full force to our beloved Queen Street.
Will you be leading the charge?
Tourists will eagerly seek out the next attraction, and Metrolanes is a beacon on the horizon, offering entertainment and refreshments to the worn and weary. Over the years, there have been significant investments into the business. Metrolanes was set up with fit-out and equipment capital investment exceeding $5.1 million in 2012 and has been meticulously maintained and refreshed throughout. “The books paint a great picture,” says Andrew. Sales averaged $2.489 million per annum for the three years to 2020 producing average annual profit to a working owner of $525,374. “This business is highly automated and efficient. With low staff costs, it’s easily managed and has considerable capacity for growth,” adds Andrew.
Metrolanes is currently a fully managed operation with the owner maintaining a high-level governance role. “This gives the business mass appeal. It could be a great investment opportunity for individuals and syndicates or a thriving, high income operation for hands-on owner operators’, says Andrew.
Landlord and the driving force behind the OnQ entertainment centre, James Kwak says, “Metrolanes is a key anchor tenant in the centre. Prior to the pandemic it proved itself as a very successful and profitable attraction. Now, with the CBD well on the way to recovery, visitor numbers and revenue are building again. We’re just 50m from the new Aotea Station on the City Rail Link, scheduled for completion in 2024 and with 54,000 daily users projected by Auckland Transport.” “We want to see Metrolanes in good hands to take advantage of this great opportunity to build and benefit from a dynamic and profitable business.” Kwak adds.
“It’s more than just a bowling alley,” explains Andrew. “The complex combines the best in bowling entertainment with associated, outstanding bar, restaurant and entertainment areas. It’s fun for all ages.” Andrew continues, “This is a great opportunity to own a business with a proven history and ride it back to the top. The owner’s role is predominantly supervisory. Smart automation takes care of operations. So, it’s going to appeal to both the entrepreneurial investor and the hands-on business driver.”
Do you want to be part of something amazing?
Metrolanes is a once in a lifetime opportunity!
Be the face of Metrolanes, be the face of entertainment, and be the face of Kiwi hospitality.
Priced at $2,100,000 - it could very well be yours, along with a six-figure surplus!
Contact: Tony Andrew,
LINK Business Brokers
021 938 560 tony.andrew@linkbusiness.co.nz linkbusiness.co.nz/EL03699