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Live Entertainment Bar in Burleigh Heads

$850,000

Burleigh Heads, Queensland

Live Entertainment Bar in Burleigh Heads

Extremely rare Small Bar Licence - No food required.

Trading under Full Management
This is a local's venue that has all you want in a small bar with live entertainment and more. Positioned in a very desired Gold Coast location, that keeps growing in popularity amongst locals and tourists.
The current sales average $20,750 per week (only trading 6 nights during winter)
This bar holds a very Unique small bar liquor licence, no food is required to be served.
Profit over $241,000 for F21, great return with only trading at 50% capacity and closed for weeks due to lockdowns. Restrictions move to 75% July 23rd, 2021.

Established, profitable business with a strong and growing local following. Great reviews, online presence, and reputation. In an excellent location and has a great long-term lease in place.
Fully trained and capable team in place to ensure continuity.

Key Points:
Small bar liquor licence.
Lease to 2022 plus 5-year option.
100 pax Capacity.
Easy to operate.
Only trades 37 hours per week.
No food.
100% under management, a full team in place.
Enviable increase in revenue and profit year on year (excluding (COVID)
Closed during COVID but since re-opening has been going from strength to strength.
An enviable fit-out.
Excellent social media presence.

Asking price: $850,000 + SAV

For a detailed Information Memorandum, follow the link to complete the confidentiality agreement - https://forms.gle/9CUtiribyu4hjSL16

Business Links / Tools

Last updated: 19th August 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Burleigh Heads
State
 Queensland
Price
$850,000
Category
  • Bars/Nightclubs

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Agency

Business Brokers Network

Business Brokers Network

Contact

Dru Morgan