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Bars/Nightclubs for Sale in Everton Park, QLD

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Bars/Nightclubs
EVERTON PARK, QLD
Rare Fully Under Management Bar with attached Bottle Shop
Everton Park, QLD, 4053
Leisure/entertainment · Bars/nightclubs
$859,000 + SAV
Premier Bar and Restaurant in Thriving North West BrisbaneThis is a rare chance to acquire a consistently high-performing venue with significant growth potential. Turnover $3,000,000+ gross under full management. This venue is a standout local favourite, combining a sophisticated bar atmosphere with a high-performing craft-focus and attached retail bottle shop. Recognized for its unique character and strong community following, the business is currently enjoying a record year!Key Highlights:- Full Management: The business is structured to run efficiently with minimal owner presence, supported by a professional team and running at standard industry labour costs.- Strategic Hotel License: The valuable general hotel license not only enhances current operations but allows a new owner the right to open three additional detached retail sites within 10km of the premises.- Incredible Overhead Ratio: Boasts an exceptionally low rent-to-revenue ratio of just 4.72%, providing a massive safety margin and driving high profitability.- Unique Market Position: With no direct competition in the immediate area, this business offers a "moat" that is difficult for competitors to replicate.- Large Function spaces: Multiple large function spaces on premises - perfect to boost revenue and have multi use areas while still trading.- Venue capacity: 200 seats in total, plus an additional 60 standing, approximately 260 people in total for normal trade and functions.Staff NoFully under management18 x staff (9x full time)Lease InfoThe 3.5 years + 1 x 3 year lease commenced 1st March 2019 - CPI increases - A 3 month bond is required.Trading TimesCurrently trading only 5 daysWednesday 12:00pm-9:30pmThursday-Saturday 12:00pm-10:30pmSunday 12:00pm-9:00pmSize of PremisesApprox. 250 square metres with large outdoor area. Attached retail store. Full commercial kitchen. Staff parking.OpportunityOpen additional detached liquor retail spaces with general hotel licence with in 10km of venue. Focus on function/event space hire.**Weekly**Sales $59,168Rent $2,540Net Profit $5,570
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