Business for sale in New South Wales , Sydney
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| Company Details: | Sydney Business Exchange |
Sydneys leading pool hall renting tables for pool, snooker and mahjong games. Also sells drinks and pool cues. Promotes about 20 competitive events each year at all levels up to national level.
Advert Id : 30459
Sellers Ref: (SD1051)
Location: New South Wales
- Sydney -City
Category: Swimming Pool Industry
Financial summary
Asking Price: $ 1,400,000
Sales revenue: Undisclosed
Net profit: Undisclosed
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed
Sales revenue: Undisclosed
Net profit: Undisclosed
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed
Business description
Pool Hall - Rental - Pool Tables - City
SBX Business Code: SD1051
Sydneys leading pool hall renting tables for pool, snooker and mahjong games. Also sells drinks and pool cues. Promotes about 20 competitive events each year at all levels up to national level.
Potential
Vendor estimates a further 10% - 30% organic growth in sales next 12 months giving 20% - 50% growth in net profit.
Features
Hot location. Still more potential. No real competition.
Premises
Very large, modern, well presented premises with an area of 760 sq. mts.
Location
Situated in prime C.B.D. location
Comments
Business currently sells drinks but no food. The addition of snacks and ice-creams would provide a nice boost in sales.
Figures
Weekly Sales $26000
Rent (ex GST) $10600
Wages $1800
Profit $11405
View the latest information about this business.
SBX Business Code: SD1051
Sydneys leading pool hall renting tables for pool, snooker and mahjong games. Also sells drinks and pool cues. Promotes about 20 competitive events each year at all levels up to national level.
Potential
Vendor estimates a further 10% - 30% organic growth in sales next 12 months giving 20% - 50% growth in net profit.
Features
Hot location. Still more potential. No real competition.
Premises
Very large, modern, well presented premises with an area of 760 sq. mts.
Location
Situated in prime C.B.D. location
Comments
Business currently sells drinks but no food. The addition of snacks and ice-creams would provide a nice boost in sales.
Figures
Weekly Sales $26000
Rent (ex GST) $10600
Wages $1800
Profit $11405
View the latest information about this business.
See more from SBX Business Brokers.
General Information
Employees: 1 owner + 7 casuals
Trading Hours:7 days - Sun. - Thurs. - 10 a.m. - 2 a.m. - Fri. - Sat. - 10 a.m. - 4 a.m.
Trading Hours:7 days - Sun. - Thurs. - 10 a.m. - 2 a.m. - Fri. - Sat. - 10 a.m. - 4 a.m.
Other Information
Selling Assets: 1Reason Selling: Moving into hospitality industry
Lease Terms: Current lease expires 10/2015 + 5 year option - 4.5% annual increases - $425k bank guarantee
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