98 Wharf Street Maryborough QLD 4650
$100,000.00

DESCRIPTION

Phone enquiries - please quote property ID 35867.

Criterion Hotel (The CRI) Business for Sale
Seize the chance to rejuvenate a premier entertainment venue in the heart of Maryborough, Qld. Formerly operating as The CRI, this establishment is renowned for its vibrant nightlife events. With the previous tenants concluding their operations, the owner is seeking passionate and innovative tenants to breathe new life into this iconic location.

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Key Features:
Comprehensive Equipment: Available for $100,000, inclusive of all necessary equipment to operate the venue. The owner will cover repair costs.
Flexible Lease Terms: Offering a 30-year lease structured as 5-year terms with options to renew.
Competitive Rent: $90,000 per annum plus GST and outgoings. Note: Building insurance is not included in the outgoings.
Licensing: Approved 2:00 AM license for Thursday to Saturday nights, providing ample opportunity to maximize weekend patronage.

Versatile Space: Potential to operate a café, host functions, or even establish a bottle shop. The previous setup included a café and provisions for a food truck to serve patrons, highlighting the venue's adaptability.
Endless Possibilities: With a rich history and prime location, this venue offers limitless potential for creative entrepreneurs to craft a unique and thriving nightlife experience.

Community Engagement: The venue has previously hosted events such as live music nights and themed parties, indicating strong local support and a ready customer base.
Supportive Ownership: The owner is committed to assisting new tenants in revitalizing the venue, including covering equipment repair costs and being open to flexible lease arrangements.

This is a rare opportunity to take the reins of a well-equipped, centrally located venue with a storied past and transform it into a leading destination for entertainment and hospitality. Whether you envision a bustling nightclub, a cosy café, or a multifunctional event space, the potential here is boundless.

Embark on your next venture and make your mark on Maryborough's entertainment scene. This opportunity won't last long—reach out today to explore the possibilities!

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