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Multi-million dollar fit-out | Leasehold Hospitality Venue – Expressions of In
Summary
$1M SALES | $170K NET PROFIT | SMITH STREET. A seriously exciting opportunity to acquire a distinctive modern cocktail bar and dining destination in the heart of Collingwood.
Location Details
Smith Street
About the Business
A Standout Bar in the Heart of Collingwood
$1M Annual Sales | $170K Net Profit | Iconic Smith Street Location
BUSINESS HIGHLIGHTS:
• Annual sales of $1,000,000 approx.
• Adjusted net profit $170,000 p.a
• Currently trading just 5 nights per week
• Fully licensed for 97 patrons until 1am
• Distinctive designer fit out with a stylish modern aesthetic
• Prime Smith Street location in the heart of Collingwood
• Dedicated function space plus outdoor seating
• Great lease secured until May 2042
• Rent of $9,056 inc. GST per month
• Fully equipped commercial kitchen and quality plant & equipment
• Significant upside through expanded trading hours, food menu & private events
• Potential to convert unused basement space into an additional private dining or function area
A rare opportunity to acquire a standout stylish cocktail bar and dining destination in the heart of Melbourne’s sought-after Smith Street precinct.
A true hidden gem combines expertly crafted cocktails, European-inspired share plates and warm, relaxed hospitality within a striking contemporary fit out featuring rich textures, considered lighting and an intimate, atmospheric design.
Currently generating approximately $1 million in annual sales and $170,000 net profit, this bar achieves impressive results while trading just five nights per week.
Currently operating Wednesday to Sunday evenings, the business offers an attractive lifestyle model with significant upside through expanded trading hours, an enhanced food offering and increased private functions.
The venue accommodates 97 patrons, with outdoor seating and an existing function space. There is also potential to transform the unused basement into an additional private dining or events area.
With a distinctive concept, established trading performance, quality fit out and secure lease through to May 2042, this popular bar offers the perfect platform for an experienced operator to build on an already successful business.
Continue the current concept or unlock its further potential, either way, this is a standout opportunity in one of Melbourne’s most vibrant hospitality precincts.
PRICE: $300,000 – $330,000
Call Marc on 0412 359 907 to arrange an inspection.
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