BRAND NEW TO MARKET – Simply walk in, operate and bring to the next level!
This upmarket Lounge, Bar & Kitchen concept, in the heart of Seminyak, caters to the high spending demographic, has an abundance of parking available, and has very little competition in the area for this demographic.
No expense has been spared in the development of the concept and on the fit out which spans over many different areas.
A new owner could simply walk in, continue the marketing strategy and enjoy the returns of the hard work put in by a team of experienced successful Bali bar operators.
The fit out was completed in early 2019 after 6 months on planning and development and was officially launched in April 2019. Sales were tracking to forecast and now is the time to inject more funds for marketing to make sure the upward trend will continue. There is plenty more upside and capacity available for a new owner to develop its full potential.
The owners are only looking at recovering their initial investment and have decided to sell to due to changing priorities.
Over a large total land & building area of 1,667 m2 in trendy Kerobokan, the bar has a total capacity of 150 people inside and outside, including 60 people seated. There is a plan to expand to 6 days a week.
The business is operated under a PMA company (foreign investment) and all licenses are in place. The lease is payable yearly and is in place for a further 4 years with an option to extend on the same terms for a further 5 years. These favorable terms are rare in Bali.
With excellent reviews on the premier social media sites, the bar includes a fully catered restaurant and features live entertainment including both local and International DJs.
Further information including the name, the assets included in the sale and the P&L will be provided to qualified investors after signing an NDA.
Please contact Russell or Ratna for further information.
Ref NBI10035. Price on application
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