Showboat Melbourne business for sale. New listing.

• Current owners have owned and operated this successful showboat & entertainment venue for several years with a proven formula
• Hospitality, cruise boat and entertainment venue
• Built originally in 1968
• Formally the M.V. Lady Cutler Manly ferry in excellent condition
• Consisting of owners + 4 permanent staff and up to 18 casuals as required
• Fully licenced venue catering for up to 360 people
• Main fully stocked bar
• VIP cocktail bar
• Active Social media in place. 
• Full restaurant and cooking facilities
• Steel hull with recently renovated interior
• Length 38 metres, width 9.35 metres, depth 3.05 metres
• Tonnage: 220 tons
• 2007 valuation for boat only $1.6 million

Events include:

• Corporate events.
• Dining.
• Theatre shows.
• Xmas & New Year’s events.
• Burlesque Shows.
• Fund raising events.
• Wedding receptions & engagements.
• Excellent repeat clientele, word of mouth and very active social media.
• Boat and business first time offered for sale as owner is retiring.

Financials:

Current assets approx: $1.7 million.

Turnover approx: $1.1 million PA.

Asking price reduced from $2.488 million to: $1.88 million + SAV.