A rare opportunity to acquire one of Brisbane's most dynamic hospitality venues, located in the heart of Fortitude Valley. This incredibly vibrant business operates as a series of bars that offers food, events, function spaces, live music/acts and is great for experiential activations and massive parties. The multi-purposes venue has the ability to cater a range of different groups simultaneously 7 days a week throughout the day and into the night.
Perfect for experienced operators looking for something exciting or groups looking to acquire another great venue that has great sales at $70,000 per week.
This venue has hosted parties with the best DJ's and acts in the world, themed parties and is a destination party location.
The business boasts:
* A history of strong trade and profitability.
* Incredible rent to turnover %.
* Unique and adaptable venue design.
* Secure lease with favourable terms.
* Prime location in high traffic area.
* Experienced team.
Opportunity:
* Expand trading hours
* Add a fantastic and unique business to your portfolio, merge operation with a group and activate the areas in new a creative way.
* Add a large sport screen to capture a new market.
* Venue is currently putting together wedding packages to add a new revenue stream
* Host more and larger event such as corporate events and work with brands for product launches an activation.
Lease Details
2 years + 5 year option
Premises Details
1,263 square meters
Staff Details
Venue Manager
Assistant Manager
Function Bookings and Events Manager
Head Chef
Sous Chef
2 perm-part time staff
30 casuals
Opening Hours
Thursday 11am -12am
Friday 11am - 1am
Saturday 11am - 1am
Sunday 11am -12am
Opportunity
*Add a fantastic and unique business to your portfolio, merge operation with a group and activate the areas in new a creative way.
*Add a large sport screen in the alleyway to capture a new market
*Offer Wedding packages (in the pipeline currently)
*Host more and larger event such as corporate events.
*Add up to 3 bottleshops
**Weekly**
Sales $73,279
Rent $3,554
Wages Wages
Net Profit $10,446
