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The Retro Bar Business For Sale #3643

$95,000 + SAV

  • The Retro Bar Business For Sale #3643

Business Description

Summary
The Retro Bar is a unique retro-styled lounge bar offering functions, live music, hospitality and rehearsal sessions that has a solid growth trajectory and great reputation.
Revenue
$220k pa
Rent
$44k pa
Expenses
$61k pa
Location
2071 Moggill Road, Kenmore, Brisbane,

Potential
There’s an opportunity to grow both the function and live music side of the business based on the quality and reputation of the venue and with little competition in the area. The bar basically trades 3 days/week for 48 weeks/year; hence there’s scope to increase the operating hours. The owner has recently begun to offer the bar as a rehearsal studio when it is not open as a bar.
Skills
A passion for live music/entertainment would be an advantage.
Hours
Thu – Sat (5pm – midnight)
1 Wed/month (7pm to 10pm)
Rehearsal Studio: Mon, Tues & Wed 6-10pm, Sun 1-5pm & 6-10pm

Lease
Expires April 19 with a further 2-yr option
Employees
Owner + 3 casual staff on busy nights. The staff can run the bar without the owner being present.
Reason for Sale
The owner wants to retire and continue to enjoy the bar as a customer and musician.
About the Business
The Retro Bar is a unique retro-styled lounge bar based in Kenmore (10km west of Brisbane CBD) that offers live music, functions, hospitality and rehearsal sessions.
Whilst people come to The Retro Bar for a function, live music or rehearsal session, they also find a comfortable bar with great ambience and hospitality.
The bar is licensed for 100 people until midnight offering craft beers, wines, cocktails, pizzas and other tasty finger food freshly prepared in a galley kitchen.

The bar comes complete with a stage, dance floor, stage lights, PA system, 5-piece drum kit, bass amp, mics, leads and stands. All you need to do is walk in.
You won’t need to stress about finding entertainment as there’s plenty of forward bookings and a long list of people who want to play at The Retro Bar.
The bar has a turnover of $220k pa based on 3 nights/week (Thu-Sat) and venue hire for rehearsal sessions and is profitable. Both turnover and profitability are growing based on the increasing number of functions and growing popularity of the live music and rehearsal studio sessions.
Social media/promotion:
• www.theretrobar.com.au
• www.facebook.com/theretrobarkenmore
• www.instagram.com/theretrobarkenmore
• https://www.youtube.com/channel/UClpLI3JGBPudcizZNMboJAw
• Weekly newsletter to 1100+ customers
• The Retro Bar’s gig guide is read out 4 times/day on 4ZZZ .

Excellent reviews. Price $95,000+SAV



Selling Price Business: $95,000 + SAV

Broker: Ray Dye 0411 428 776
Email: ray@absbrisbane.com

Business Features / Snapshot

Price: $95,000 + SAVTrial: no

Your Business Broker

Ray Dye

Business Location

Kenmore, Queensland 4069