Premier Entertainment Venue for Sale in Canberra

Description

Business type: hospitality and entertainment venue

Location: Sydney Building precinct

Trading history: 10 years

Financial performance

2019 revenue: approximately $600,000

2023 revenue: approximately $1.5 million

Venue

Distinct spaces: seven

Bars: four

Outdoor areas: two

Total capacity: approximately 420

Internal area: approximately 500m²

Commercial kitchen: fully equipped

Cool room: included

Keg room: included

Beer tap systems: established

Post-mix systems: established

Included concepts

Token Arcade and Kitchen: integrated

1Up Cocktail Bar: integrated

Licences

General liquor licence: until 2:00am

Food business licences: in place

Outdoor dining permits: in place

Customers and marketing

Regular group bookings: established

Event organiser bookings: established

Five-star reviews: hundreds

Social media followers: more than 10,000

Operations

Staff: professional and in place

Management transition support: available

Assets and fitout

Asset value: more than $225,000

Recent renovations: more than $150,000

Renovation period: within the past three years

Lease

Rent basis: held at 2012 levels

Lease renewal: offered to approved buyers

Location

Northbourne Avenue frontage: available

Verity Lane frontage: available

Nearby: offices and government departments

Light rail: nearby