Miami, Queensland 4220

Funky Laneway Bar

For Sale | $950,000

Bars/Nightclubs

This is a local's venue that has all you want in a small bar with live entertainment and more. Positioned in a very desired Gold Coast location, that keeps growing in popularity amongst locals and tourists.

The current sales average $20,750 per week (only trading 6 nights during winter)
This bar holds a very Unique small bar liquor licence, no food is required to be served.
Profit over $241,000 for F21, great return with only trading at 50% capacity and closed for weeks due to lockdowns.
Restrictions move to 75% July 23rd, 2021

Established, profitable business with a strong and growing local following. Great reviews, online presence, and reputation. In an excellent location and has a great long-term lease in place.
Fully trained and capable team in place to ensure continuity.

Key Points:
Small bar liquor licence.
Lease to 2022 plus 5-year option.
100 pax Capacity.
Easy to operate.
Only trades 37 hours per week.
No food.
100% under management, a full team in place.
Enviable increase in revenue and profit year on year (excluding (COVID)
Closed during COVID but since re-opening has been going from strength to strength.
An enviable fit-out.
Excellent social media presence.


Asking price: $950,000 + SAV


For a detailed Information Memorandum, follow the link to complete the confidentiality agreement - https://forms.gle/9CUtiribyu4hjSL16

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Dru Morgan



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Dru Morgan

Business Brokers Network

Overview

This Bars/Nightclubs Business is one of 134 businesses for sale in Gold Coast, Queensland, and one of 9 Bars/Nightclubs Businesses in this region that a business for sale currently has on offer. This Bars/Nightclubs Business is for sale in Gold Coast for the asking price of $950,000 and is new to the market.