Business ID: XB162606
BUSINESS UNDER EXTERNAL ADMINISTRATION
FOR SALE BY EXPRESSION OF INTEREST to close at 3pm on 26th June 2025
The Association trades as an RSL, operating a gaming lounge, bar, and bistro. Revenue-generating avenues include takings from gaming machines, and food and drink sales. The Association is currently externally administered and is insolvent.
The Returned and Services League (RSL) has a positive impact on society by supporting veterans and their families through various initiatives, including advocating for their rights, providing financial assistance, and fostering a sense of community. The RSL also plays a role in commemorating military history and keeping the ANZAC spirit alive.
- Revenue is estimated at approximately $3,500,000 per year from gaming machines, food, and drink sales
- The freehold currently being marketed for purchase comprises 3 individual titles (3,114 sqm), including 2 trophy corner allotments and 2 high-exposure frontages
- Plant and equipment includes: 47 gaming machines, free standing fridges, various restaurant tables and chairs, couches, printers, fridges, coffee machines, display cases, shelving, etc
- Marketing is conducted via a Facebook account and frequent correspondence to members via email
- Staffing consists of 5 full-time, 2 part-time, and 17 casual employees. Trading hours are from 10 AM to 10 PM
There is potential to continue trading a hospitality venue from the premises, or alternatively, to develop the land. This opportunity would suit owner-occupiers, land bankers, residential developers, and QSR/childcare developers.
ALL OFFERS CONSIDERED EXPRESSION OF INTEREST closes at 3pm on 26th June 2025
Property Code: 4402
