Is this the cocktail bar you need to add to your portfolio?

$875,000 PSAV
(GMO Ref. 6008)

The short answer is yes.

With the benefit of a Tavern License and a late-night ETP til 2am three nights a week, this bar and restaurant continues to trade heavily into profit.

A front & centre position, intriguing layout and expensive fit-out draws a discerning crowd for all occasions, but the operational model and offering capitalises, making the register ring.

Business Highlights:

* Premium Cocktail Bar and Restaurant
* Strong reputation and unique selling proposition
* Tavern License 200 max capacity
* ETP late trading Thursday to Saturday til 2am
* “Bulls-Eye Blue Suit” location with around 10,000 people in and out each day
* Lease til 2025 (352sqm)
* Tangible assets in Plant & Equipment at nearly half the asking price
* Consistent history of impressive profits in your competitors’ worst years

Register your interest today. Contact:
Anthony Princi | 0421 924 964 | aprinci@buyabusiness.com.au
Murray Brown | 0438 954 701 | mbrown@buyabusiness.com.au

ENQUIRE ABOUT THIS LISTING

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MEET THE AGENT

Anthony Princi

Anthony Princi has been a successful owner and creator of several hospitality businesses including franchising and he is expert in understanding the intricacy of the licensed premises sector. Anthony comes from a family with a rich tradition of business success, particularly in the food manufacturing industry. He is an early user and innovator in the use of social media marketing to promote SME. Anthony is the proud father of two young children and understands the work-life balance required to be a successful business proprietor combined with a rewarding lifestyle.
CLIENT TESTIMONIALS
"I have always looked to GMO for advice and results, and will continue to recommend them. Most recently Anthony guided me with clarity and support during the sale of my café and minimised what could have been a very emotional and stressful period. He is highly professional and knowledgeable and worked tirelessly to achieve positive outcomes for everyone." 

Cafe Owner - Sold for $560,000

  "Anthony Princi is an energetic, wonderful professional! From our initial meeting through to settlement, Anthony provided an amazing level of assistance, tirelessly followed up every lead, requested all relevant information and whilst providing boundless assistance to me as a seller, he saw to the enquiring buyer with a level of professionalism and care that always seemed to go beyond his role. He is a broker in touch with the current market and I can without a doubt recommend this wonderful man. My sincere thanks Anthony for all your amazing assistance and to our exciting outcome of a sale!"

                                   Chrissie Catling - S2 High-end Fashion Boutique, Perth

  "We entrusted Anthony in the sale of our retail business and could not speak more highly of our experience with him.  In a challenging market and what was a very stressful time for us, Anthony guided and supported us through the entire process and often went above and beyond any expectations.  His experience, knowledge, understanding and tremendous people skills ensured we received the best possible outcome.  We would, without doubt, use him again and would highly recommend Anthony to any family and friends needing a broker they can truly depend on.  “Again Anthony, thank you so much for all your hard work in the sale of our business”  

                                                                                                                                                                                                                                                                                                       Jess & Joel  


Anthony's Recent Sales Success:
  • SOLD: Cafe - $565,000
  • SOLD: Bar/Tavern/Pub - $380,000
  • SOLD: Bar - $500,000
  • SOLD: Cafe/Restaurant - $125,000
  • SOLD: Restaurant/Bar - $100,000
  • SOLD: Cafe - $85,000
  • SOLD: Retail (Fashion) - $180,000

Contact Anthony today:

Murray Brown

Murray Brown is WA's most successful licensed premises broker and is a past winner of the Broker of the Year award at GMO! Murray has sold, appraised and valued businesses for GMO for 25 years and during that time Murray has sold in excess of 280 businesses ranging in price from $70,000 to $8.25 million and performed business appraisal/valuation consultations in over 300 additional instances. Murray's areas of expertise include, but are not limited to, Hotels, Motels, Resorts (and their management rights), Liquor Stores, Restaurants and Professional Practices. Murray is a corporate member of Tourism WA, Licensed Stores Association and the Small Bar Association. In addition, Murray has consulted to the Western Australian Government, the Rottnest Island Authority, many local governments and to several public companies. Prior to work with GMO (WA), Murray practiced in an accounting partnership in Western Australia, in addition to a position as a senior accountant in a hospitality public company in NSW/ACT. Murray also owned and operated Western Australia's largest stocktaking and asset valuation business. He has also been an owner of a Perth Tavern and a CBD Liquor Store. Whether buying or selling a hotel, tavern, liquor store, restaurant/cafe or nightclub, Murray is "the expert" to help you. Murray is also in demand for valuations for this sector.  
CLIENT TESTIMONIALS
“On behalf of Narelle, Samantha and myself I would like to convey to you our deep appreciation for your time this morning and in particular, how you freely gave of your knowledge on how to purchase a business and the key issues a purchaser must consider. We all left the meeting confident that we have found a broker who we feel we have confidence in working with – thank you. We look forward to working with you over the coming months and trust that a successful purchase can be made using your services. Once again Murray, our sincere thanks for your time and kind assistance.”

Stephen Penhall -  Managing Director, Stelle International Pty Ltd, July 2013



Murray's Recent Sales Success:
  • SOLD: Motel - $230,000
  • SOLD: Bar - $500,000
  • SOLD: Restaurant - $250,000
  • SOLD: Bar/Tavern/Pub - $230,000
  • SOLD: Retail (Liquor) - $390,000
  • SOLD: Bar/Tavern/Pub - $380,000
  • SOLD: Bar/Tavern/Pub - $500,000
  • SOLD: Service (Waste Management) - $1,100,000
  • SOLD: Bar - $240,000
  • SOLD: Retail (Liquor) - $935,000
  • SOLD: Cafe with Freehold - $3,000,000
  • SOLD: Retail (Liquor) - $530,000

Contact Murray today: