Two nightclubs under management

About the business

This is a bar business on the Gold Coast, Queensland, made up of two nightclub venues under management. One venue was recently launched and the other is well-established. The first venue holds a Hotel Liquor License allowing for 3 additional bottle shops, and the second venue holds an established Bar Liquor License. The recently opened venue currently trades only 3 nights, so trading hours could be increased. Income comes from bar sales, entry fees for special events, VIP services, and event hosting and private functions. Professional management is in place, with minimal owner involvement in day-to-day operations. The broker reports an experienced and reliable staff team, a loyal customer base at the established venue, and growth in patronage and revenue since COVID. The broker reports high visibility in an area popular with locals and tourists, cutting-edge sound and lighting systems, and stylish interiors. The broker reports potential for a merchandise revenue stream, longer trading hours at the newer venue, themed events and bottle shop operations under the Hotel License.