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

Description

Business type: small bar and events venue

Location: CBD, Australia

Sale structure: walk-in, walk-out

Premises

Fitout value: approximately $250,000

Fitout completion: December 2023

Seating capacity: 60

VIP booths: included

Full bar: included

Dance floor: included

DJ booth: included

Lighting system: included

Commercial kitchen: included

Nearby: beach, 5-star hotels and restaurants

Lease

Annual rent: $71,240

Current lease term remaining: 18 months

Liquor licence

Licence days: seven days

Sunday to Wednesday hours: 10am to 10pm

Thursday to Saturday hours: 10am to midnight

Operations

Current trading days: Thursday to Saturday

Current trading hours: 5pm to midnight

Full-time manager: one

Casual staff: five

Owner involvement: remote

Regular events: salsa and DJ nights

Exclusive bookings: established

Performance

Year-on-year growth: 35%

Growth

• Extend trading to seven days
• Add regular food service
• Increase private bookings

Transition

Full handover: available