You'll find Casablanca Lounge in the centre of Mitcham not far from the train station. With so few small bars in the outer suburbs and especially in Mitcham they have cornered the market in family functions. Casablanca can also just be opened as bar as well.
The new owners will be able to negotiate with the landlord a brand new lease, including the number of terms and years for the the lease and rent, GST and outgoings all coming in at less than $3000 a month. With such low overheads not much has to be done to turn a profit and this is clearly shown in the accounts that we have for the venue. The venue has an on premises licence till 1am with a good capacity of 185. All fixture and fittings are included in the sale including for the pool table but except the Red Baron!
For the functions there is one bar and that supports the large dance floor which has a stage and a pool table to the sides. To the rear of the bar is a small room that is used to prepare and serve the function food but note there is no commercial kitchen. To the rear of the venue is a courtyard , used as an escape from the music or for a smoke.
The vendors have been there a six years now and it is just time to move on. They are only looking for $95,000 , a very reasonable price for this exclusively listed venue. The place will really suit a new operator in to the hospitality industry as there is very little risk in running this venue and it is a great place to learn the trade.
This venue is now SOLD.