Business Description.

Wonderful business opportunity to purchase a highly successful well-established iconic Bar / Nightclub which includes live entertainment located in the eastern suburbs with excellent high footfall. The business is situated in the heart of major shopping centre’s entertainment area and draws customers from across the region. Solid reputation and somewhat of a landmark in the precinct, this venue has developed many loyal customers over the 20 years in operation.
This well-appointed venue is stunning with a beautiful modern décor, state of the art sound & lighting system and offers excellent prime growth opportunities. The asking price includes all fixtures, fittings and equipment and absolutely turn-key. Sellers are motivated and would like to find a new owner who can take this business to the next level. If you’re looking for a bar/nightclub venue, they don’t get much better than this!!

– Long secure lease
– Excellent rental terms
– Fully equipped 300+sqm venue
– Suit any concept/theme
– 5am liquor license on premise
– The complex includes bar, dance, lounge and outdoor entertainment area and can be booked for parties, functions & private events.
The business generates a consistent yearly gross sale of $1,560,000pa and provides a stable net income to the operator. The owner is retiring after many successful years in the industry. The business has a full staff of experienced employees who are unaware of the pending sale and expect to remain post-closing.
Price: $650,000
Additional information is available upon signing NDA potential purchaser.

Posted Oct 17, 2016

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