PROFITABLE, REWARDING VENUE BUSINESS FOR SALE
This boutique venue business is used for both training and functions. Sydney Venue is a vibrant, stylish venue with multiple uses, brilliantly located in the North Sydney CBD. The business is easy to run, the work is rewarding and varied plus there is genuine potential to grow and franchise the concept.
Solid Turnover & EBIT:
- FY 07/08 turnover $310,000, with potential to increase some revenue streams
- Net profit ebit $44,000, taking into account a salary paid out over $70K per year.
- Lease $130,000 PA, plus bank guarantee $55,000
Full financials prepared by accountant are available upon request.
This business is easy to manage and with only 1 FTE staff plus occasional casuals, there are no staffing headaches. Good hours and much easier to run than a food business.
Ideal for a couple or two partners looking for a change (both could work part time). All systems and suppliers are in place, full training will be provided.
With a simple business model and multiple revenue streams, we currently operate at over 80% capacity on weekdays and have established a loyal client base and strong repeat business, plus significant growth potential for functions outside business hours
Sydney Venue is a unique space with outstanding visual appeal, meeting a wide range of unmet venue market needs. We are particularly popular within creative and learning fields but have wide appeal in provision of training facilities; corporate and private functions, plus catering and a permanent tenant.
Fully fitted and beautifully furnished, the space is 341sqm, with own entrance and reception, exceptional signage, kitchen and bathroom facilities plus an outdoor area. Lease has more than 2.5 years to run, and landlord is amenable to a brand new lease if desired.
As star performer on search engines, marketing costs under $500 per month, as the name organically tops search engine lists on category keywords generating consistent website traffic at 3,858 page views and 35,000 keyword searches per month. The visual appeal of the space means we have a virtually 100% lead to sale conversion ratio.
Profitable, enjoyable and people focused in a flourishing sector, there is real potential to exploit this market niche. We also own the names and websites "Melbourne Venue and Brisbane Venue" making national expansion a possibility.
Motivated seller. With all the fixtures and fittings included you could walk in to this wonderful business and drive it to dizzy heights.
Price: $210,000 negotiable.
Includes fixtures and fittings valued above $70,000.
Bank guarantee: $55,000
Rent: $130,000 PA
Contact details:
Cate Richards 9400 2046
cate@sydneyvenue.com.au
Or email request via contact us
 |
 |
 |
 |
 |
 |
 |