CBD TAVERN - 320 CAPACITY - ENDLESS POSSIBILITIES!
Asking Price
$349,000 + SAV
* Note: Some images may be AI generated for illustrative purposes and aren't representative of the actual business.
Turnover
$1.5m
Net Profit
TBA
Lease Terms
Until 2037
Business Opportunity
An exceptional hospitality opportunity situated in the heart of Perth’s central entertainment and dining precinct. This licensed 320-person tavern features a fully functional, million-dollar fit-out and operates on concise trading hours, presenting endless possibilities and substantial upside for an astute operator or hospitality group.
Currently trading just 4 evenings per week (Wednesday to Saturday), the business generates an impressive $1.5 million in annual turnover. With significant scope to expand operating hours into corporate lunches, additional trading days, or specialised events, the foundations are firmly established for immediate growth. Control the costs and reap the rewards!
This rare CBD offering features:
- High-Capacity Venue: Licensed for 320 patrons across an expansive 353 sqm footprint, perfectly set up for busy regular trade, private functions, and nightlife.
- Million-Dollar Fit-Out: Fully equipped, beautifully appointed, and operational with top-tier commercial kitchen, bar infrastructure, and plant and equipment.
- Secure Long-Term Lease: In place through until 2037, ensuring long-term tenure and security in a prime city location.
- Favourable Lease Terms: Rent is $9,106 per month plus GST and variable outgoings.
- Live Music Permitted: Approved for live music and entertainment, creating versatile event hosting capabilities.
- Adaptable Food Concept: Currently presenting an Asian Fusion cuisine, but easily tailored to any food, beverage, or pub concept.
- Concise Trading Schedule: Trades 4 evenings only (Wednesday - Saturday), providing an ideal work-life balance or immediate upside to open 6 - 7 days and lunches.
Key Features:
- Licensed Capacity: 320 persons.
- Premises Size: 353 sqm.
- Lease: Secured until 2037.
- Rent: $9,106 per month + GST + Variables.
- Current Turnover: $1.5 million.
- Trading: 4 evenings only (Wed - Sat).
- Live music allowed.
- Prime central hospitality precinct location.
Strict Confidentialities Apply. Opportunities of this scale and calibre in the CBD with a long lease and fit-out of this quality rarely come to market at this price point.
Contact Barry Economo on 0417 943 710 or 0466 798 887 (or email barry@gunnink.com) for more information.
