Zircom Business Brokers Phone : 0409 11 ****
David Screaigh & Catherine Jones
04091 ****

04091 ****

Gay Male Sauna, Bar and Café – Iconic and Profitable

Listing Id : 262396

Location : Western Australia -Perth

Category : Bars, Adult Entertainment, Hospitality and Tourism

Asking Price : $600,000

Business description

This business is Perth’s only gay male sauna.  It is located in Northbridge in the heart of Perth’s bustling restaurant and nightclub area and located only minutes from the Perth CBD.  The business was established in 1996 and is one of Perth’s iconic gay venues.  While its purpose is a sex-on-site venue, the venue has played an important role in Perth’s gay community by providing a place they have been able to enjoy, and ultimately, feel safe.   
The business offers clean and well maintained facilities including lockers, dry sauna, spa, steam room, café, bar, lounge areas and video lounge.  There are also private rooms available for rent.  The premises has been fitted out to suit the style of business being operated. The cost of establishing a business, including the initial development, plant and equipment, staffing, licensing, procedures and policies can be significant due to the startup costs involved and the development of the operations and customer base.  The cost to fit out a premises in a similar manner would be in excess of a million dollars.   Further, it is essential that the location is easily accessible and located near the city, and in this regard the business has been strategically located and is very accessible.  It could be very difficult to find a similar location with the necessary space to operate a business of this type in the Perth CBD area.  Depending on the requirements of the Purchaser, the Vendor would also consider selling the property to the Purchaser. 
The business is open 7 days per week, from midday until late.  The venue is licensed, so they offer a range of alcoholic beverages, plus hot beverages and non-alcoholic beverages.  There is also food and snacks available.  The business currently employs 2 full time Managers, and approximately 6 contract staff.  The owner is not actively involved in the day to day business operations and estimates his involvement is circa 20 hours per month. 
The benefits of this business include, scope for further development, an established customer base, experienced staff, procedures and a good reputation with customers.  The business comes with the plant and equipment needed to run the business.  It is of a sizeable and profitable scale and could be suitable for an experienced operator or someone wishing to enter the industry because a handover is to be provided.  The opportunity could be a very good strategic acquisition for the right purchaser or business group. 
We have an Information Memorandum available which interested parties can have access to after signing a confidentiality form.  For further information contact the Zircom Office on (**** **** or submit enquiry form.

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