The Hoi Events & Expresso Bar - Townsville

Description

THE HOI - CBD HERITAGE EVENTS & ESPRESSO BAR VENUEThree Distinct Function Spaces | Combined Rent Only $3,666 per Month Including GSTAn exceptional opportunity is available to acquire The Hoi, one of Townsville's most distinctive hospitality and events venues, located within the beautifully restored historic Howard Smith Building in the heart of the CBD at 224-226 Flinders Street.Combining an established espresso bar, licensed bar, high tea venue and private events business, The Hoi offers multiple revenue streams and significant potential for further growth.The business operates across two separately leased premises, providing excellent flexibility and allowing the espresso bar and events operation to function independently or together as an integrated hospitality and events destination.The venue features three distinct function and event spaces, catering to micro weddings, bridal showers, baby showers, birthdays, corporate events, high teas, private functions and exclusive venue hire.* The Espresso Bar & Laneway: Up to 60 guests, subject to laneway closure.* The Howard Smith Room: Up to 60 guests standing or 40 guests seated.* The Piano Room: Up to 30 guests standing or 15 guests seated.The venue has been thoughtfully designed with carefully selected furnishings, décor and premium finishes throughout. The presentation provides a distinctive combination of style, sophistication and heritage character.The sale includes an extensive collection of furniture, décor, plant and equipment with an estimated asset value of approximately $100,000. This provides the purchaser with a comprehensive turnkey setup while reducing the need for significant additional capital expenditure.The Espresso Bar benefits from approved trading hours from 1:00 pm to midnight, seven days per week, together with a liquor licence and commercial kitchen licence. These approvals provide substantial scope to develop evening trade, cocktail services, live music and private functions.The adjoining laneway provides further opportunities for Sunday Sessions, live music, cocktail events, outdoor dining and other unique hospitality activations.The Hoi has been developed as a distinctive alternative to traditional cafes and hospitality businesses, with established event and hospitality revenue streams and considerable potential for further expansion.Combining a premium fit-out, affordable occupancy costs, valuable licences, three unique event spaces and significant growth opportunities, the business is well suited to an owner-operator, hospitality entrepreneur or events specialist.Businesses offering this combination of character, flexibility and established infrastructure are rarely available at this price point.Key Features* Prime CBD location on Flinders Street.* Combined rent of approximately $3,666 per month including GST.* Three distinctive event and function spaces.* Two separately leased premises providing operational flexibility.* Established events business with significant potential to expand the espresso bar.* Liquor licence and commercial kitchen licence included.* Approved trading hours until midnight, seven days per week.* Strong social media presence.* Character-filled heritage building.* Established high tea, functions and private event revenue streams.* Significant potential to expand into weddings, micro weddings and elopement packages.* Opportunities for Sunday Sessions, live music and laneway activations.* Extensive fit-out, furniture and equipment included.* Approximate asset value of $100,000.* Suitable for an owner-operator.Business PriceThe Hoi is offered for $109,000 plus stock at valuation, estimated at $2,500.