Realising Value for Sellers and Buyers since 1991

Sold

Leisure and Entertainment Centre

SOLD

Leisure and Entertainment Centre

URGENT EXPRESSIONS OF INTEREST

Aloha Surf-House Joondalup Pty Ltd (Administrators Appointed) operate a newly built and integrated entertainment facility in Western Australia housing Australia's only indoor surfing venue. The complex also includes Clip N Climb adventure stations, Yoga Studio, Two themed party rooms, Corporate room, Licensed Cafe and surf shop.

Urgent Expressions of interest are sought for the Purchase of the business and assets as a going concern (as a whole or in part) and/or recapitalisation proposal via a Deed of Company Arrangement.

Investment highlights include:
• Over $5 million invested in 2017 to develop the 1,500 sq m state-of-the-art, leased Joondalup facility;
• Australia's only indoor surfing venue and wave pool (waves of up to 6ft) using real surfboards with fins;
• 21 Clip N Climb adventure climbing stations operating a unique belay system, providing safe and adventurous indoor rock climbing for all ages; and
• Long term lease with circa 8 years remaining and two 10 year options (subject to lessor consent).

This business could suit a leisure and entertainment focused group wishing to expand, or a person or company wanting to become involved in this type of business. All of the hard work has been done.

We have an Information Memorandum available which interested parties can have access to after completing a Confidentiality Agreement. Contact David Screaigh on 0409 113 814 (at any time) to obtain a Confidentiality Agreement.

Details

Price SOLD
Property Type Business
Category Leisure/Entertainment, Leisure/Entertainment

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Catherine Screaigh-Jones & David Screaigh

(08) 9409 2266

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