Iconic Brisbane CBD hotel including Showbar adult entertainment venue and separate function rooms.

This is an absolutely unique opportunity to buy an iconic Brisbane inner-city hotel lease incorporating the only topless bar and topless barbers in Brisbane. This CBD location is in the very heart of the city and has an incredibly high volume of loyal patrons plus an almost-endless number walk-by pedestrians. The hotel is within a short walking distance of the proposed new Brisbane Casino development which will incorporate up to five high-rise towers up to 80 storeys combining a mixed component of hotel, office, commercial and residential space plus of course a new five-star casino.

In addition to this, directly across the road, they are building the first ever 6 star hotel for Brisbane CBD. Comprising three high-rise towers incorporating the six star hotel, an office tower and and exclusive residential building. During construction there will be a captive tradies clientele and will be a massive boom for business and once constructed as the occupants of the three towers become regulars of this unique business. The prospects for growth in the number of hotel and Showbar patrons is almost endless.

The Grosvenor hotel has the only topless bar and barber shop in town but also incorporates Showbar, a fully-licenced exotic dance and strip club. The venue has become an institution in the Brisbane entertainment scene and is regularly completely full in the downstairs bar area with many of those patrons graduating to Showbar to continue the evening. This is a proven formula and continues to draw an eclectic crowd mix of high-spending punters.

The business is very profitable. The latest figures show turnover of $2.5 million with a substantial net profit of $518,000. The business operates with a staff of 20 and mix of full-time and casual employees plus subcontractors. The hotel and Showbar is open only five days and could easily be open seven days to substantially increase your income. It also incorporates a sports bar with FOXTEL sports on several Large Screen TV’s. There is an excellent ‘Dude Food’ menu for both lunch and dinner with nothing over $25. No experience is needed to run the business as the current owner will stay on to provide hands-on training.

This is surely one of the bargains-of-a-lifetime. An iconic Brisbane CBD location, huge room for growth, excellent facilities in place, $500,000 current profit for an investment of only $1.6 million. DO NOT DELAY!  For more information and to arrange an inspection, please send through an email enquiry or call on the number above.