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It is rare for a boutique table top dancing venue to come on to the market. But after having Dreams Gentlemen's Club for 12 years the owner has decided it is time to list what can be described as one of Melbourne's and probably Australia's best adult entertainment venues. Dreams is consistently busy all year round with peak periods such as the Grand Prix and Footy Finals.
Heading up from Elizabeth Street in the CBD through the reception you walk in to a stunning open plan venue. The bar is off to one side and the main room dominated by the stage with surrounding booths and ViP areas. The venue is purpose built and is in excellent condition to provide entertainment in a comfortable yet glitzy environment. The engine that keeps it all going is a level below this floor which includes offices, staff rooms, toilets and cool rooms. It is a well designed and organised operation. There is lift and stair access to both floors.
Dreams has a late night general licence till 5am with a huge though rarely used capacity of 330. Rent comes in at just under $3000 a week. There are eighteen years left on the lease made up of 3+5+5+5. All fixtures and fitting are included in the sale and there are no equipment or supplier leases or contracts in place.
Dreams is a very profitable, well run operation. It can be run under management or by an owner operator that understands the industry well. The venue has all the procedures and staffing to make it a seamless transition to a new owner. The vendor can remain after the sale as a General Manager if requested to do so on a short to long term basis to help with any transition. There are a good set of books with some excellent financial information available upon due diligence. With that in mind the vendor is looking for offers in the region of $2.5M. He will also accept a 50% partnership and vendors terms for someone to take on this excellent opportunity.