The bar is currently owned by an investor and totally underutilised.
Fit out cost is over $500k for this very impressive venue offering a full kitchen, and footpath dining with Live Music licences all in place for the new buyer to take advantage of and grow this venue to the next level.
This business is a turnkey operation (currently operating under management) providing a fantastic prospect for an owner-operator. A dedicated and professional team are already in place, ensuring a smooth operational transition.
This business offers multiple income streams – including both food & beverage sales as well as hosting private events, entertainment and special occasions. The multiple revenue generating streams diversify risk, whilst contributing to the overall financial health of the business.
The bar was established two years ago and was successful, unfortunately, the landlord now has other business to attend to. There is significant growth potential for a passionate owner to expand further by initiating marketing efforts, extending operation hours (flexible) or introducing new offerings and services, allowing a great opportunity for the future owner to drive profits.
Do not miss out on this unique opportunity to invest in a well-established, industry-leading bar business that promises not only a return on investment but also a chance to be a part of Coolangatta’s thriving hospitality and nightlife scene.