Function Centre - Night Club - Disco - Restaurant Potential - CB1395

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$265,000

Description

Function centre and night Club with Entertainment and Concerts - Disco until 2 am - Suitable for weddings, corporate events, seminars and a variety of functions - Great seating capacity at 180 - 200 guests and well presented and large bar - Large well equipped kitchen with walk-in cool room - Functions usually utilise premises from 5.00 p.m. until 10.00 p.m. - Disco club is operated from 10.30 p.m. until 2.00 a.m. - Currently Friday and Saturday nights. - Licensed - Large area 300m2

Potential

Target social media - Utilise early weekdays more.

Features

Great location. - Strong local support - Excellent ambiance - Ability to provide for both functions and disco. - Well established. - Council approved till 2 am on Friday and Saturday

Premises

Business located on upper floor, with full facilities, including well presented bar and two guest access points and an area of 300 sq. mts. Recent full refurbishment with new curtains, new chairs and fully painted.

Location

Well located in busy business area of thriving South West Sydney with huge growth potential.

Trading Hours

Hours to suit depending on the functions 7 days - Mon. - Thurs. - 10.00 a.m. - 12.00 p.m. - Fri. - Sat. - 10.00 a.m. - 2.00 a.m. - Sun.- 10.00 a.m. - 10.00 p.m.

Lease

Commenced Feb 2022 - Expires Feb. 2025 + 3 year option - 6% increase - Bond 4 months.

Employees

3 owners + 1 Manager + 2 casuals

Comments

Misc.- 1 - Security - Misc.- 2 - Repairs & maintenance - Cargo lift available to enable stocking. - Vendor may be able to arrange finance to approved applicants. - Any inspections need to be arranged in advance through your broker

SBX ID

CB1395

Figures
  • Takings: $13450/week (GST)
  • Cost of Goods: $3400
  • Gross Profit: $10050
  • Rent: $1445
  • Wages: $2780
  • Telephone: $60
  • Insurance: $80
  • Electricity: $200
  • Gas: $80
  • Misc 1: $410
  • Misc2: $430
  • Total Expenses: $5485
  • Nett Profit: $4565
  • Estimated Stock (Additional): $15000
  • All other values ex GST
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