Reference No: TDVB1100

Bars, Pubs and Clubs
Sydney NSW

Price: $79,000

BAR, CLUB & EVENT BUSINESS For Sale

The timing is perfect for this tremendous opportunity! All that is required is a suitable venue and the willingness to learn and operate. Your venue search could be:
– a bar in Newtown, the thriving mile which has no small venues left; or
– a CBD-based multiple performance space bar/venue, the gap is left with Frankie's closing down; or
– a large performance venue in any of the existing hotels with unutilised large capacity spaces.

The choice is yours to make! Simply purchase the IP, Social Media, Contact List, Equipment and Training for this well-known name in the industry and set up in your own space.

It is a sensational opportunity to either boost your current event business or enter as a newcomer into the industry at a remarkably low outlay with all the necessary training, IP, equipment, a well-respected name established over 21 years of operation, and know-how provided by a passionate Vendor who wants the business to reach its potential.

Untapped potential is enormous, and the community, that has shown avid support for this venue brand spanning over two decades, is the most loyal.

Obviously, the pandemic in 2020 curtailed this industry, but with the ease of lockdowns and increase in vaccination rates, the entertainment industry is geared for a revival. This is the perfect opportunity to capitalise on a solid existing customer following on social media, a cult following in the music industry, an unsurpassed reputation and the necessary equipment either as a rotating or an in-situ venue business. Connections with promoters, performers, touring agents and full training and instruction of implementation into an existing or a new venue are provided.

The Vendor is ready to train and educate a newcomer into this scene. Sales in 2019 averaged $22k per week (5 nights per week) with the profitability of over $9k per week (entry fees taken by the performers/promoters/entertainers, bar revenue taken by the Vendor).

Established business with further potential, particularly in the post lockdown era with lesser venues available and a number of entertainers looking for venues. Ability to open further nights.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No
The business is run with the following staff: 1 x Owner 2 x Security Guard (1 per 100 people) 3 x Bartenders (for 300 people)

Lease Info
Need to set up new lease/occupation licence â€" rent/occupancy to be negotiated

Trading Times
5 nights a week Wednesday - Sunday 8pm - close

Size of Premises
The timing is perfect for this tremendous opportunity! All that is required is a suitable venue and the willingness to learn and operate. Your venue search could be: - a bar in Newtown, the thriving mile which has no small venues left; or - a CBD-based multiple performance space bar/venue, the gap is left with Frankie's closing down; or - a large performance venue in any of the existing hotels with unutilised large capacity spaces.

Opportunity
Established business with further potential, particularly in the post lockdown era with lesser venues available and a number of entertainers looking for venues. Ability to open further nights.

**Weekly**
Turnover (inc GST) $21,750
Rent $2,000
Wages $2,743
Net Profit​ $9,503

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Price: $79,000
GSE Business Consultants
Address:
Level 32, 101 Miller Street
North Sydney, NSW, 2060

View Website

Contact: Tas Dasios
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