Luxury Bar in Premium CBD Location
This recently established small bar features a $250,000 luxury fitout including plush booths and VIP sections seating 60 people, extensive bar, dance floor, DJ booth, lighting system, and a commercial kitchen.
Key Highlights:
- Premium Location: High foot traffic area surrounded by 5-star hotels and restaurants, close to the beach in CBD
- Comprehensive Setup: Luxury fitout completed December 2023 after leasing in August 2023
- Favorable Lease: $71,240 per annum with 3+3+4 year terms (18 months remaining in first period)
- Flexible License: 7-day liquor license from 10am-10pm Sunday-Wednesday and 10am-Midnight Thursday-Saturday
- Current Operation: Trading Thursday-Saturday 5pm-Midnight
- Established Events: Regular weekly programming including Salsa Thursdays and DJ events Friday-Saturday
- Strong Growth: 35% increase in business compared to previous year
- Additional Revenue: Stream of exclusive event bookings for birthdays and corporate functions
- Staffing Structure: One full-time manager and 5 casual staff
- Expansion Potential: Opportunity to extend to 7-day operation with food service for lunch and dinner
Currently operated remotely by an owner in Perth with a 50% partner/General Manager based in Newcastle. The owners are offering a complete handover period of the buyer's choice in a walk-in, walk-out scenario.
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