Brisbane Icon – Multi level, multi-purpose venue

$1,600,000 + Stock

Description

A rare opportunity to acquire one of Brisbane’s most dynamic hospitality venues, located in the heart of Fortitude Valley. This incredibly vibrant business operates as a series of bars that offers food, events, function spaces, live music/acts and is great for experiential activations and massive parties. The multi-purposes venue has the ability to cater a range of different groups simultaneously 7 days a week throughout the day and into the night.

Perfect for experienced operators looking for something exciting or groups looking to acquire another great venue that has great sales at $85,000 per week.

This venue has hosted parties with the best DJ’s and acts in the world, themed parties and is a destination party location. Perfect for brand activations, large corporate events and year round functions this business and location offer a strong opportunity.

The business boasts:
• A history of strong trade and profitability.
• Incredible rent to turnover % under 5%
• Unique and adaptable venue design.
• Secure lease with favourable terms.
• Prime location in high traffic area.
• Experienced team.

Opportunity:
• Expand trading hours
• Add a fantastic and unique business to your portfolio, merge operation with a group and activate the areas in new a creative way.
• Add a large sport screen to capture a new market.
• Venue is currently putting together wedding packages to add a new revenue stream
• Host more and larger event such as corporate events and work with brands for product launches and activations

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No

The business is currently run by a venue manager, two assisting managers, function and events manager, chef with sous chef and 30 casuals depending on time of year that can go to 40.

Lease Info

The lease commended May 2022 for 5 years. It expired May 30, 2027 and has a 5-year option to take it to May 30, 2032 giving a total of 6 years remaining.

Trading Times

Wed 11am – 10pm Thursday 11am – 12am Fri 11am – 1am Sat 11am – 1am Sun 11am – 12am

Size of Premises

The premises (2 lots) for a total of 1,263m2

Opportunity

Add a fantastic and unique business to your portfolio, merge operation with a group and activate the areas in new a creative way. Add a large sport screen to capture a new market. Venue is currently putting together wedding packages. Host more and larger event such as corporate events.

Business Listed by

David Cahill

Hospitality Consultant and Sales Consultant (QLD) @ GSE Hospitality Brokers

For over 20 years I have been working with hospitality owners to help improve outcomes for their businesses. Whether it be consulting, training or implementing systems like complex POS systems for cafes, restaurants, bars, pubs, multi-site groups or franchises I have covered it all. I have been fortunate to travel across Australia and have worked with fantastic people, groups and brands. I spent time living in both Sydney and Melbourne working with many different businesses and people in the industry. Today, I love living in my hometown Brisbane with my young family.

Owners and managers in hospitality businesses are very often overwhelmed by the day to day workings of their businesses. Making changes can be really hard. Make the right changes even harder with so many options and choices to make. I’ve spent a lot of time in my career dealing with these kinds of challenges and solving them.

Being solutions focussed with efficiency in mind without losing the fun element we have in hospo is key to making it all work. I thoroughly enjoy helping businesses be more successful and in helping owners get the best results they can. There have been hundreds of cases where we have made the right change at the right time that leads to better results for the business and the people in it. That’s where I find my passion.

Request more Information about this business

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I understand and agree to the GSE Confidentiality Agreement and Marketing Policy*
The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach the landlord, property managing agent, any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

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For Sale

Brisbane QLD