Bar - Accommodation - Showroom
Location Australia
Asking Price Range $250K - $500K
Gross Revenues $468000
Net Profit / Cash Flow $93600
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 6 - 9
Inventory 250000
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Description This bar, formally the star hotel, has had a very strong following with the Queer Community. With it's unique Asian decor and intimate surroundings. It is a visual spectacular from the moment you step in the door. Located on one of the busiest strips in Melbourne. The venue has great exposure to ongoing traffic. Parking is also free along the streets surrounding the venue with no time limits. The venue is home to a variety of entertainment with specific nights devoted to different shows. This hotel has 7 rooms upstairs to rent, which have been recently fitted with modern furnishings. This includes a fully catered manager's quarter with its own kitchen bed room, living room and balcony. An option for owners wanting to live on the premises. All rooms including a basic breakfast, with fresh towels and cleaning down every day. The hotel side of the business makes about 25% of the total revenue and is also the easiest to service. The majority of the bookings come via the internet where the business is registered with over 12 different web sites. Very long lease, good rent. Any offers welcome. The business is one of a kind, very short hours. This may become one of the most unique businesses you will ever find. The potential of this business is significant and needs a motivated owner to take it to the next level. Selling due to health reasons. For more information on this Bar / Hotel for sale, email or call Chris 0433 582 533.
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