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Leisure & Bar Business For Sale. Under management.

$380,000

Frankton, South Australia

Leisure & Bar Business For Sale. Under management.

Current vendor has owned this business for over 18 years.
If you want a great return on your investment, and you want to have a great trading history and minimal risk - research this opportunity.
This business can be less than 3 year pay back run under management, or faster if the new owner becomes hands on.
Can be owned and managed by either a female or male.
Current Manager has been there 8 years and wants to continue on as Manager if required.
-This business has been operating by the same Vendor for 18 years.
- Financials are available.
- The Vendor spends 2 hours a week in the business.
- Opportunity to increase takings outside of the current busy times which will result in a high NET profit of those extra takings.
- Vendor claims NET profit of $ 130,000 P/A and due diligence is welcomed by incoming investor.
Landlord has just reduced the rent by $20,000 P/A., so bottom line profit would be closer to $150,000 P/A next year.
Customers come here to relax and enjoy a game of snooker while they have a drink and laugh with friends.
The business provides a safe, comfortable atmosphere for all customers.
Purchasers must do their own Due diligence as Vendor claims $10500 a week takings which is $8000 in alcohol & $2500 through the tables.
Big premises at 500 Sqm and 18 pool tables.
Vendor runs this under management as it is a simple to run business.
A hands on Vendor would reduce wages,increase profits, and more so if promoting the business happened on a regular basis.
An inspection is a must to see this business and talk to the Vendor. Photos for display only.
Quote BSV 0900, and call Michael NOW on 0400645133 , or submit an Enquiry Now.
(some photos for display purposes only)

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Last updated: 20th August 2019

Summary

Property Type
Business
Contract Type
For Sale
Location
 Frankton
State
 South Australia
Price
$380,000
Category
  • Adult
  • Alcohol/Liquor
  • Bars/Nightclubs

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Agency

Business Brokers Network

Business Brokers Network

Contact

Michael Keltie