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Sold

Profitable Hotel/Bar Restaurant near Darling Harbour - High profit, Growing Strongly

Top Hotel/Bar Restaurant with late closing near Darling Harbour, renovated in 2015/6.

 

 

 

Weekly profit $17,791 (based on July \'16 to Feb \'17)

 

 

 

Key Features:

 

- Top Liquor licence operating past midnight 

 

- Located a couple of hundred metres from the middle of Darling Harbour, Sky Casino and Light - Rail Stop

 

- Restaurant seats 300 inside and 100 outside    

 

- Live Music - Large functions catered for

 

- Hotel on this site for 15 of last 17 years

 

- Lease commenced Nov 2015: 5 year lease with 3 additional 5 year terms

 

- Over $700,000 in renovations & improvements since purchased in Aug 2015

 

- Opportunity to serve coffee & breakfast especially on weekends when there is very limited local availability.

 

- Holds Poker Machine Gaming Licence – previous Hotel had 12 machines operating 
 
State NSW
Price SOLD
Property Type Business
Property ID 116
Category Leisure/Entertainment, Food/Hospitality, Leisure/Entertainment

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Agent Details

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John Emmery

0423 529 041
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What our clients say

Geoff is the first business broker I have ever heard of who completes the transaction completely remotely and seamlessly. This was essential for my deal as it was done during Covid-19 time.   Negotiation...

Jeba Anbiah

However with Geoff Harrison guiding me through the sale process the task became much easier. Geoff was able to plan the information required, compile it for any buyer and was the master of communication....

H.E. - Hawks Nest - Post Office & Newsagency

I have had the pleasure of working with Geoff on quite a few acquisitions and finance deals, he is highly skilled and experienced professional who has the ability to see the big picture in any transaction....

Rick O'Toole

As the Owner of One of Perth’s Leading Hairdressing Salon, I have had the pleasure of knowing Geoff Harrison for over 20 years in the Hairdressing Industry. Geoff was instrumental in introducing...

Tony Faranda

Abba Group we're excellent help when it came to selling my business they provided really good help and support. Thanks guys, 5 stars

Samuel Deering

Eddie, Thank you for being the consumate professional. Not only did you achieve our asking price in such a short time, you listened to us and our needs, you took the time to properly consider our...

Kathleen Shortt