Business ID: XB157060
No direct competition for 40 minutes. Working owner - 20 hrs per week, Income $200K pa
Opened and fully refitted around 5 years ago this historic venue is located in a rapidly evolving area of the Central Coast.
Fitted to a high standard with high-quality sound and projection systems this venue has proven to be very popular in its short time in operation.
The multipurpose venue provides entertainment by way of music DJs, live artists, and movies and has been used for local council networking events and even weddings.
Currently operating profitably on only 3 evenings per week (total 20 hours), this business provides a great opportunity to a new operator(s).
- Large 2-story premises
- Rent $1000 per week plus outgoings
- Current lease to 30/11/26 with 3-year option
- Fantastic fitout on both floors
- All equipment owned outright ($200K at cost)
- Full POS system in place with handheld terminals
- Beer system with 6 taps (owned by business)
- General Liquor License (until 12 pm)
- Compact commercial kitchen
- Internal WC's
- Licensed for 175 persons
- Ample free parking very close by
Terms of settlement: The owner will provide the purchaser with a two-week handover after settlement.
This is a reluctant sale brought about by serious family ill health. This is a one-of-a-kind entertainment venue in the region and one that should be capable of generating increased revenues with strong profits under experienced ownership.
Asking Price: The Goodwill and all Assets of the business are for sale for $530,000. Stock will be charged separately at the cost price. A stock holding of around $12K is typical.
Business ID: XB157060
Property Code: 3832
