URGENT SALE – Pascoe Vale RSL Sub-Branch Inc. (Administrators Appointed) – Pascoe Vale, VIC

Description

BUSINESS UNDER EXTERNAL ADMINISTRATION

FOR SALE BY EXPRESSION OF INTEREST to close at 3pm on 26th June 2025

The Association trades as an RSL, operating a gaming lounge, bar, and bistro. Revenue-generating avenues include takings from gaming machines, and food and drink sales. The Association is currently externally administered and is insolvent.

The Returned and Services League (RSL) has a positive impact on society by supporting veterans and their families through various initiatives, including advocating for their rights, providing financial assistance, and fostering a sense of community. The RSL also plays a role in commemorating military history and keeping the ANZAC spirit alive.

• Revenue is estimated at approximately $3,500,000 per year from gaming machines, food, and drink sales
• The freehold – currently being marketed for purchase – comprises 3 individual titles (3,114 sqm), including 2 trophy corner allotments and 2 high-exposure frontages
• Plant and equipment includes: 47 gaming machines, free standing fridges, various restaurant tables and chairs, couches, printers, fridges, coffee machines, display cases, shelving, etc
• Marketing is conducted via a Facebook account and frequent correspondence to members via email
• Staffing consists of 5 full-time, 2 part-time, and 17 casual employees. Trading hours are from 10 AM to 10 PM

There is potential to continue trading a hospitality venue from the premises, or alternatively, to develop the land. This opportunity would suit owner-occupiers, land bankers, residential developers, and QSR/childcare developers.

ALL OFFERS CONSIDERED – EXPRESSION OF INTEREST Closes at 3pm on 26th June 2025

Please submit your offers in writing to:
Peter McCrae – Rodgers Reidy
[email protected]
Phone: 03 8679 2319