Listing status: Inactive
Reason: --
Boutique Bar for Sale – Hamilton Harbour
Boutique Bar for Sale – Hamilton Harbour
Industry :
Leisure/EntertainmentSub Industry :
Bars/NightclubsAbout the business
Established in 2015 this local bar has developed a loyal following with a mix of corporate and residential clientele.
The business is well located in the Hamilton Harbour precinct that
provides a mix of residential apartment blocks and blue chip corporate offices. Several large corporates that call the precinct home are Domino’s Global HQ, Collins Food Group HQ
(KFC/Taco Bell/Sizzler), Mader Group HQ, and Specsavers QLD HQ. It is a buzz with significant new developments underway which will see more residential and commercial office space commencing 2023.
The business is ideally suited to an experienced operator looking to take their first leap into becoming an owner operator.
The bar is easy to operate with plenty of opportunity to expand trading hours and offering. The hard work is all done with a great industrial style fit out where the bar serves craft beer, wine, spirits, premium cocktails complimented by pizzas and shared bar food and snacks.
* Monthly revenue circa $19k
* Rent (TOC) circa $88k per annum;
* Owner operated business with no staff;
* Owner is selling to retire;
* Bar is open 5 days per week from 4 pm. This equates to 34 hours per week of trade; and
* The bar encourages a real community ambience.
Price $79,000 WIWO
For more details on this outstanding business opportunity, contact Tom Jolly on 0403 720 965 or email tom.jolly@thefinngroup.com.au
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$79,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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