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Luxury Bar in High-Traffic 5-Star Precinct with VIP Sections and Commercial Kitchen

Newcastle NSW, ID 160354

Luxury Bar in High-Traffic 5-Star Precinct with VIP Sections and Commercial Kitchen 1
Luxury Bar in High-Traffic 5-Star Precinct with VIP Sections and Commercial Kitchen 1
Asking price:
AUD $95 000
Sales Revenue: $250 000 aud
Owner
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Description

Small bar for sale with $250,000 luxury fitout, seating 60 with VIP booths, full bar, dance floor, DJ booth, lighting, and commercial kitchen. Key Highlights * Premium CBD location near beach, 5-star hotels, and restaurants * Luxury fitout completed Dec 2023; lease $71,240 p.a., 18 months remaining in first term * 7-day liquor license: 10am-10pm Sun-Wed, 10am-Midnight Thu-Sat * Trading Thu-Sat, 5pm-Midnight, with regular events (Salsa, DJ nights) * 35% year-on-year growth and additional revenue from exclusive bookings * Staff: 1 full-time manager, 5 casuals * Expansion potential: extend trading to 7 days with food service * Walk-in, walk-out sale with full handover available; current owners operate remotely.

Details

Real Estate: Lease
Employees (ppl): 6
Asking price: 95 000 aud
Sales Revenue: 250 000 aud
Rent (per year): 71 240 aud

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