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Leisure & Bar Business For Sale. Under management.

$428,000

  • ID Ref 5697
  • Suburb Frankston
  • State VIC
  • Status For Sale
  • Leisure & Bar Business For Sale. Under management.

Business Description

Vendor claims profit for 19-20 will be approx $200,000. - under management !!
Current vendor has owned this business for over 18 years. Strong history for great investment.
If you want a great return on your investment, and you want to have a great trading history and minimal risk - research this opportunity.
This business can be less than 3 year pay back run under management, or faster if the new owner becomes hands on.
Can be owned and managed by either a female or male.
Current Manager has been there 8 years and wants to continue on as Manager if required.
-This business has been operating by the same Vendor for 18 years.
- Financials are available.
- The Vendor spends 2 hours a week in the business.
- Opportunity to increase takings outside of the current busy times which will result in a high NET profit of those extra takings.
- Vendor claims NET profit of $ 130,000 P/A and due diligence is welcomed by incoming investor.
Landlord has just reduced the rent by $20,000 P/A., so bottom line profit would be closer to $200,000 P/A next year.
Customers come here to relax and enjoy a game of snooker while they have a drink and laugh with friends.
The business provides a safe, comfortable atmosphere for all customers.
Purchasers must do their own Due diligence as Vendor claims minimum of $10500+ a week takings which is $8000 in alcohol & $2500 through the tables.
Big premises at 500 Sqm and 18 pool tables.
Vendor runs this under management as it is a simple to run business.
A hands on Vendor would reduce wages,increase profits, and more so if promoting the business happened on a regular basis.
An inspection is a must to see this business and talk to the Vendor.
Due diligence on takings and financials must be done by incoming purchaser to substantiate and is welcomed.
Photos for display only.
Quote BSV 0900, and call Michael NOW on 0400645133 , or submit an Enquiry Now.

Business Features / Snapshot

Your Business Broker

Michael Keltie

Business Location

Frankston, Victoria 3199