Summary
Small's Bar offers incoming purchasers the ability to walk in to a well-established business with an excellent reputation, but with the opportunity to improve the bottom line with hands-on management.
Revenue
$35,000 pw
Location Details
Eaton Fair Shopping Centre, 48/2 Recreation Drive
Located within Eaton Fair Shopping Centre with high foot traffic, heaps of adjacent free parking and soon to enjoy the benefits of another shopping centre expansion, including a new 8-screen cinema complex.
Potential
The tavern offers incoming purchasers the ability to walk in to a well-established business with an excellent reputation, but with the added opportunity to improve the bottom line with hands-on operational management.
* 300-person tavern licence with the benefit of a takeaway licence
* Multiple trading areas suitable to various demographics
* Captive market with limited surrounding competition
* Owners have a very limited role in day-to-day operation
Hours
Small's Bar trades 7 days per week from 11.30am
Lease
Small's Bar is on a very sustainable lease with options extending until 2037
Employees
Small's Bar has a loyal and committed team of hospitality professionals. The General Manager and Head Chef are both long-term team members.
Reason for Sale
The current owners are very proud of Small's Bar, having personally overseen the original design, construction fitout and launch of the business in 2017. 5 years on, they have each had competing life pressures take their attention in different directions, and the reality is that the business needs new owners with the time and capacity to lift the business to a new level of performance.
About the Business
The tavern offers incoming purchasers the ability to walk in to a well-established business with an excellent reputation, but with the added opportunity to improve the bottom line with hands-on operational management. There is additional opportunity to take advantage of additional revenue streams from the recently acquired unrestricted tavern license, meaning customers can purchase liquor for consumption off the premises.
Investment highlights include:
* Entry level leasehold tavern located at the gateway to the South West of WA
* 300-person tavern licence with the benefit of a takeaway licence
* Multiple trading areas suitable to various demographics
* A new entry point from the shopping centre near Coles generating additional foot traffic
* Captive market with limited surrounding competition
* Sustainable rent with lease options until 2037
* Owners have a very limited role in day-to-day operation
* WA’s first fully cashless venue with in-house app completely integrated with POS system
* Eaton Fair Shopping Centre will soon be home to an 8-screen state-of-the-art cinema complex – the largest in the South West
History
Small's Bar was created from a blank canvas, launched in 2017 to showcase local produce to local people. Subsequently expanded in 2020, the business now seats 300 people in a range of areas to suit different tastes and vibes. Small's Bar was the first hospitality venue to go cashless (in 2018 - long before COVID made it cool) and pioneered a service-in-your-seat app. Small's Bar is now a local institution with an excellent reputation.
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