An unexpected change in partnership arrangements has resulted in the original passive investor now becoming the sole proprietor of this business. With no prior experience in hospitality and other substantial unrelated businesses he has reluctantly decided to put the business on the market.
The Collective is being run entirely under management and is currently performing well below its previous trade levels.
Historically this business has demonstrated turnover in excess of $2.0M pa with very attractive profit outcomes. There is significant and genuine potential for an excellent return on investment on the current asking price for an experienced hands on operator to re-establish the business to the levels of turnover and profitability it has previously enjoyed.
The current owner has already made some progress since taking over the business. Significant capital has been invested in renovating and fitting out the entire venue and also rebranding the original business. The Collective is now introducing a hospitality scene which is new to Rockingham but which is a proven model well established and growing in popularity in Perth and indeed in all capital cities on the East coast
With an asking price which represents only a fraction of the set up and fitout costs of this venue and with trade already exceeding $1.0M per annum this is a unique business opportunity.