Just Business Brokers

FUNCTION CENTRE – KEILOR

FUNCTION CENTRE – KEILOR

Can hold up to 1000 patrons!

For over 25 years this function centre has catered for weddings, events and corporate functions. Boasting four elegant rooms which accommodate groups of 50 – 450 people, a massive on – site secure carpark, friendly staff, personalised menu including fine dining and much more. All function rooms offer expansive space, comfort and versatility backed by experience in hosting conferences & seminars, conventions, trade promotions, fashion parades, product launches, staff functions, business meetings, cocktail parties, banquets, award & presentation nights, weddings, engagements and much more. This venue has forged a reputation of excellence and professionalism in the industry and this represents a rare opportunity to take over a booming business and build into the future. Check it out.

Call Marc on 0412 359 907 to inspect!

BUSINESS HIGHLIGHTS:
Strong annual turnover of $1,700,000+
Great net profit of $350,000+
Suitable for Owner Operator or Under Management
Very simple systems and procedures in place
All equipment owned and included in the sale
Set on huge premier parcel of land, Location, Location, Location
Great location with proximity to Ring Road

BUSINESS STRENGTHS:
Minimal competition and excellent reputation in industry
Massive commercial kitchen catering for up to 1,000 patrons and second kitchen on site
Strong Social Media Presence
Plenty of free parking on site
On Premise Liquor Licence until 1am – 7 days
High cash flow business – Will suit a buyer who is prepared to trial

LEASE AND RENT:
Commencement date of lease renewal:26th March 2014
Site size: Over 2 acres
Term: One (1) X Five (5) Years
Further terms: Two (2) X Five (5) Years
Rental Amount: $350,912 Including GST for period 26thMarch 2017 – 25th March 2018
Rental Increase: $360,439 Including GST for period 26thMarch 2018 – 25th Mach 2019
Fixed Review Dates: Rent increases by 2.5% on the amount of rent paid immediately prior to increase on 26th March 2019, 26th March 2020, 26th March 2021, 26th March 2022and 26th March 2023.
Market Review Date: 26th March 2024
CPI Review Dates: 26th March 2025, 26th March 2026, 26thMarch 2026, 26th March 2027 and 26th March 2028

OFFERS INVITED

Call or text Marc @ jbb on 0412 359 907

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