ABS Business Sales Pty Ltd Phone : 07 3368 ****
Ray Dye
07 33 ****

0411 ****


The Retro Bar Business For Sale #3643

Listing Id : 250604

Location : Queensland - Kenmore

Category : Bottle Shop, Bars

Asking Price : $95,000 + SAV

Business description

Summary The Retro Bar is a unique retro-styled lounge bar offering functions, live music, hospitality and rehearsal sessions that has a solid growth trajectory and great reputation. Revenue $220k pa Rent $44k pa Expenses $61k pa Location 2**** **** Moggill Road, Kenmore, Brisbane, Potential There's an opportunity to grow both the function and live music side of the business based on the quality and reputation of the venue and with little competition in the area. The bar basically trades 3 days/week for 48 weeks/year; hence there's scope to increase the operating hours. The owner has recently begun to offer the bar as a rehearsal studio when it is not open as a bar. Skills A passion for live music/entertainment would be an advantage. Hours Thu Sat (5pm midnight) 1 Wed/month (7pm to 10pm) Rehearsal Studio: Mon, Tues & Wed 6-10pm, Sun 1-5pm & 6-10pm Lease Expires April 19 with a further 2-yr option Employees Owner + 3 casual staff on busy nights. The staff can run the bar without the owner being present. Reason for Sale The owner wants to retire and continue to enjoy the bar as a customer and musician. About the Business The Retro Bar is a unique retro-styled lounge bar based in Kenmore (10km west of Brisbane CBD) that offers live music, functions, hospitality and rehearsal sessions. Whilst people come to The Retro Bar for a function, live music or rehearsal session, they also find a comfortable bar with great ambience and hospitality. The bar is licensed for 100 people until midnight offering craft beers, wines, cocktails, pizzas and other tasty finger food freshly prepared in a galley kitchen. The bar comes complete with a stage, dance floor, stage lights, PA system, 5-piece drum kit, bass amp, mics, leads and stands. All you need to do is walk in. You won't need to stress about finding entertainment as there's plenty of forward bookings and a long list of people who want to play at The Retro Bar. The bar has a turnover of $220k pa based on 3 nights/week (Thu-Sat) and venue hire for rehearsal sessions and is profitable. Both turnover and profitability are growing based on the increasing number of functions and growing popularity of the live music and rehearsal studio sessions. Social media/promotion: • • • • • Weekly newsletter to 1100+ customers • The Retro Bar's gig guide is read out 4 times/day on 4ZZZ . Excellent reviews. Price $95,000+SAV Selling Price Business: $95,000 + SAV Broker: Ray Dye**** **** Email: ray@absbrisbane.com


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