Leisure/Entertainment
Brisbane l QLD
Ref: 3370
New listing

Fully Managed Brisbane Legal Brothel Nets Over $425K For Sale

In order to purchase a Qld legal brothel business, the Buyer:

1. Must be either a permanent resident or citizen of Australia
2. Cannot have a past serious criminal record
3. Must be a Cash Buyer (no bank lending available) plus have sufficient additional funds for the License Fee, Stamp Duty, Legal Fees, Bank Guarantee or Bond for the Rent, etc.

A long established and fully managed Qld legal brothel business in the immediate Brisbane area with a 2019 FY Adjusted Business Net Profit of over $425,000 as EBITD. The established management team in place operates the business on a 24/7 basis on behalf of the non-working owner. There is a long lease in place to 2035.

Brothels were required to close operations due to the Covid19 restrictions in March 2020 and have now reopened for business in mid July 2020 with strict hygiene cleaning guidelines in place as dictated by the Qld government.

The Seller has recently undertaken a major refurbishment of the premises including new flooring, painting and decorating and new furnishings throughout in the amount of over $200,000 including new Covid-safe mattresses with rubberised topping allowing for easy cleaning.

Legal brothel businesses offer an excellent opportunity to secure a high cashflow business with NO major Working Capital requirements with approximately 30% to 40% of all takings being in cash. The business has an onsite ATM and Eftpos facility available to customers.

At the time of the room booking, the business only collects the room rental income while the Service Provider is paid directly by the client and is not included in the room rental fees as declared by the brothel owner. This is a high cashflow 'cash receipt' type business.

This is generally a very easy business operation for a non-working owner to supervise with security camera system throughout which allows for remote viewing with the bonus of a reliable management team in place.

Note - images are provided for display purposes only and may not accurately reflect the business advertised for sale.

Contact Business Brokers Queensland on 1300 699... (click to show) for further information on this business or to register for regular email updates on new businesses go to our website at www.bb... (click to show)

Price: $1,150,000
Business Brokers Queensland
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Australian enquiry? Yes No

Phone: 1300 699... (click to show)
Fax: 07 3297... (click to show)
Address:
8 / 130 Kingston Road
UNDERWOOD, QLD, 4127


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