Business ID: XB157060
Unique Hospitality Venue -Movie Theatre, Music Venue and Cocktail Bar Central Coast, NSW. Very significant discount for QUICK SALE
Opened and fully refitted around 5 years ago this historic venue is located in a rapidly evolving area of the Central Coast.
Fitted to a high standard with high-quality sound and projection systems this venue has proven to be very popular in its short time in operation.
The multipurpose venue provides entertainment by way of music DJs, live artists, and movies and has been used for local council networking events and even weddings. Currently operating profitably on only 3 evenings per week (total 20 hours), this business provides a great opportunity to a new operator(s).
Landlord support will be provided for the creation of a stage for live music performances.
- Large 2-storey premises
- Rent $1000 per week plus outgoings
- Current lease to 30/11/26 with 3-year option
- Fantastic fitout on both floors
- All equipment owned outright
- Full POS system in place with handheld terminals
- Beer system with 6 taps (owned by business)
- General Liquor License (until 12pm)
- Compact commercial kitchen
- Internal WC's
- Licensed for 175 persons
- Ample free parking very close by
Terms of settlement: The owner will provide the purchaser with a two-week handover after settlement.
This is a reluctant sale brought about by serious family ill health. The vendor has accepted that a significant loss will be made to facilitate a quick sale. The vendor's circumstances have meant that the venue has only traded for 20 hours per week since he took over in December 2023. Opening additional hours at the weekend and for an additional 2 days per week, should see the venue generate profits in line with previous trading. Initiatives put in place by the current owner (Open Mic nights, comedy nights etc) have been well received.
Asking Price: The Goodwill and all Assets of the business are for sale for $175,000. Stock will be charged separately at the cost price. A stock holding of around $15K is typical.
Business ID: XB157060
Property Code: 3832
