Iconic Pub for $Nil, just walk in

General Description
Pubs of this size and calibre are rarely seen on the market. You only have to mention the name of the pub and you would be hard pressed to find someone who does not know it in Canberra. Business owners only dream of owning this institution as it has 5 levels of different business all in the one building. This pub ticks all the right boxes when it comes to a business under management:

Open 6 days a week.
Owners do not work in the business - 100% staffed and managed
State of the art fit out
Gross profits of 70%
Profitable under management

But the biggest tick box for this business is it is being sold for $Nil. So if you ever have wanted to run a sizable pub, this is your opportunity to get the deal of a lifetime.

Potential
The owners of the business run a number of other businesses which is where they put most of their efforts. This pub will improve further with a more active owner looking over the business to ensure management are running the business successfully.

Little promotion has been undertaken and improvements are required to let customers know this pub has above the main bar area on the other levels a restaurant, pool room, functions room and night club. This business can cater for any customers needs as it has all bases covered in the hospitality area.

Features
Liquor licence for 955 over 5 levels
Surrounded by commercial and government buildings
Fit out originally cost over $7m and still looks like new
Excellent rebates on offer from beer suppliers

Premises
High quality fit out with excellent quality material used so still looks like new
Have 5 levels - main bar, restaurant, pool room, functions and night club
No restrictions on trading hours

Location
Civic

Trading Hours
Currently Monday to Saturday

Lease
Rent per week is $15,000 + GST
Lease length and rental paid can be discussed

Financials
Sales Averaging $4.08m
Gross Profits averaging 70%

Price
$Nil for the business
Stock at value approx $60,000

Like More Information - Confidentiality Agreement
To release further details about this business a confidentiality agreement must be completed - takes about 1 minute. This can be done by following the instructions below:

1) Go to xxxxxxxxxx.html

2) Click on the "Enquiry" button at the bottom of the screen

3) Enter your details, including something in the comment area and click "Submit"