Business DescriptionThis well established licensed venue will suit an existing portfolio or personal hospitality owners/operators wishing to capitalise on this highly popular Gold Coast location.
The business operates 7 days per week providing hotel services including restaurant, bar, gaming and wagering to the local residents and visitor population.
The current owners of the shopping centre also own the business and run it under management. In this scenario the business does not make a profit as it needs an owner operator to re invent the business and bring it back to profitability. The owners will grant a new long term lease to whomever purchases the business and will supply the business, equipment and fittings at no charge.
The only cost would be the sale of the 20 gaming entitlements which are priced far less than their current replacement cost. The 20 machine entitlements, Tavern Business, Bottle Shop, all fixtures and fittings are on the market for $2,500,000.
The opportunity includes:
• 630sqm business gross lettable area
• 140sqm alfresco seating area to the rear of the building
• Sport and entertainment bar with full gaming facilities
• 20 Gaming Machine Entitlements & Machines located on site
• UBet Wagering License with latest terminals recently installed
• Family restaurant area including commercial kitchen facilities
• Ample parking available to patrons with public transport located nearby