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Impressive Sports Bar, Restaurant and Functions Venue

$265,000 + SAV

  • ID Ref 5490
  • Suburb Newcastle
  • State NSW
  • Status For Sale
  • Impressive Sports Bar, Restaurant and Functions Venue

Business Description

Newcastle has had over $750M in building approvals over the last couple of years and the beneficiaries will be inner-city businesses. This opportunity located in Newcastle’s CBD has been completely renovated as a sports bar which screens all major sporting events such as “The State of Origin” football and the Supercars tournaments but has the capacity to become so much more! A cafe by day, a corporate or social function centre and, a sports bar all in one.

The extensive fit-out has a huge floor plan, large bar area complete with a range of tap beers, several screens to capture live events, a private entertaining area with separate bar, an oversized kitchen and an office for you to manage your new project.

The business also has a PSA liquor Licence which and a lease of 11 years (including options).

The existing owner runs the business under management and simply does not have the time to take this business further, as their existing company demands a huge amount of time and energy. With over $600,000 spent modifying and fitting out this premium space, a new owner will capitalise on this perfect turn-key business which has a reputation of trendiness and an enviable point of difference in the rapidly developing town.

The price has been set to generate immediate interest as there isn’t another business like to compare!

If you are interested in finding out more about this quality opportunity, please call 1300BROKER or visit www.merchantbrokers.com.au

Business Features / Snapshot

Your Business Broker

Shane Fox

Business Location

Newcastle, New South Wales 2300