Parramatta, New South Wales 2150

Two Huge Function Centres for Sale in Heart Western Sydney

For Sale | $600,000

Function Centre

Summary
Function Centre - Restaurant - Events - Excellent reputation - Premium equipment Entertainment / Theatre License PSA liquor license till 3am 550 square metres

Rent
$16500 rent per month for one location and for the other $14700pm plus outgoings

Location Details
Superbly situated on in heart of Parramatta

Potential
Single owner running for the last 13 years, due to health issues he has no option but to sell. Due to serious health issues both venues are under-utilized. Need a lot more social media marketing.

Lease
Current 5 year lease (expires January 2024 + 5 year options. - CPI increases - 5 month bond)

Employees
1 owner (part-time) + 2 full time chefs + 1 full time floor manager + 5 casuals

About the Business
Function centre - events - restaurant. - Magnificent 20-year-old landmark function centre and restaurant which has capacity for up to 290 in one Function centre and 350 in other.
Large kitchen with equipment comprising of cooktop burners, combi ovens, under bench fridges, substantial separate cool room and freezer and much more.
The dining area features a fully equipped licenced bar with its own cool room, tables - Impeccable presentation throughout
Currently run as a live entertainment venue, semi night club with DJ and dancing till late. Potential to apply for a Hotel Licence
Also doing Takeaway & deliveries thru delivery partners

Features
Scenic location near Parramatta river. - Excellent presentation. Superbly equipped kitchen. - Full capacity for large events. - Well maintained. Significant growth opportunities with expanding population in the heart of Parramatta.

Premises
Purpose built function centre and restaurant with an area of around 550 metre square. One premises can host 290 guests and the other around 350 guests

Comments
Opportunity to purchase fully equipped function centre and restaurant with great flexibility to cater from small to large gatherings in the heart of Parramatta. Not many Functions centres in western Sydney that can cater to functions with around 300 sitting.

High level of kitchen equipment and functionality would be hard to equal. - Genuine reason for sale

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Sartaj Natt



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Overview

This Function Centre Business is one of 47 businesses for sale in Parramatta, New South Wales, and one of 5 Function Centre Businesses in this region that a business for sale currently has on offer. This Function Centre Business is for sale in Parramatta for the asking price of $600,000 and has been on market for less than 3 months.