Cocktail/Whisky BarListing: #GC00775
About this Business for sale in Gold CoastCocktail/Whisky Bar
Extremely sought-after location in local business district with repeat clientele.
New fit-out with no expense spared - over $750,000 spent on this venue from a vacant premises.
After 3 months of fit-out this venue finally opened to the public in May 2021.
Fully equipped kitchen and bar will impress any acute hospitality operator.
Run under full management with full team of staff in place.
Trading 5 days a week from 5pm to midnight and lunches on weekend from 12 noon. (Closed Monday & Tuesday).
Long lease secured to May 2026 plus a further 5 year option to May 2031 (incentive of half rent in place till march 2022).
This business is not being sold with any goodwill factor but purely a token of replacement of fit-out costs.
Owner could not secure a Permanent Visa status in Australia and must sell and leave the country.
Expressions of interest are required from all hospitality operators.
All offers will be submitted as owners urgently need to sell ASAP.
A Confidentiality Agreement needs to be completed before further information can be disclosed, please complete an online confidentiality agreement at https://linkbusiness.com.au/GC00775 and click on the ENQUIRE NOW button.
For full details contact Baz Sanjakdar
+61 7 5572 2122
+61 412 488008
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.