Brisbane Icon | Multi level, multi-purpose venue
A rare opportunity to acquire one of Brisbane's most dynamic hospitality venues, located in the heart of Fortitude Valley. This incredibly vibrant business operates as a series of bars that offers food, events, function spaces, live music/acts and is great for experiential activations and massive parties. The multi-purposes venue has the ability to cater a range of different groups simultaneously 7 days a week throughout the day and into the night.
Perfect for experienced operators looking for something exciting or groups looking to acquire another great venue that has great sales at $85,000 per week.
This venue has hosted parties with the best DJ's and acts in the world, themed parties and is a destination party location. Perfect for brand activations, large corporate events and year round functions this business and location offer a strong opportunity.
The business boasts:
- A history of strong trade and profitability.
- Incredible rent to turnover % under 5%
- Unique and adaptable venue design.
- Secure lease with favourable terms.
- Prime location in high traffic area.
- Experienced team.
Opportunity:
- Expand trading hours
- Add a fantastic and unique business to your portfolio, merge operation with a group and activate the areas in new a creative way.
- Add a large sport screen to capture a new market.
- Venue is currently putting together wedding packages to add a new revenue stream
- Host more and larger event such as corporate events and work with brands for product launches and activations
**Please note that for confidentiality the image in this advert is generic and is not of the actual business**
Staff No
The business is currently run by a venue manager, two assisting managers, function and events manager, chef with sous chef and 30 casuals depending on time of year that can go to 40.
Lease Info
The lease commended May 2022 for 5 years. It expired May 30, 2027 and has a 5-year option to take it to May 30, 2032 giving a total of 6 years remaining.
Trading Times
Wed 11am - 10pm
Thursday 11am - 12am
Fri 11am - 1am
Sat 11am - 1am
Sun 11am - 12am
Size of Premises
The premises (2 lots) for a total of 1,263m2
Opportunity
Add a fantastic and unique business to your portfolio, merge operation with a group and activate the areas in new a creative way.
Add a large sport screen to capture a new market.
Venue is currently putting together wedding packages.
Host more and larger event such as corporate events.
For more details, please email broker or call agents.
