Summary
THE PERFECT ENTRY LEVEL OPPORTUNITY. OWN YOUR OWN BAR AND BE YOUR OWN BE YOUR OWN BOSS!
Location Details
Freestanding corner building in a high visibility intersection.
Potential
• This location has all the activity generators an operator could want and benefits from a strong delivery radius.
• Numerous opportunities for growth: – breakfast, lunch – outdoor seating – happy hour – take advantage of full liquor license – deliveries, catering, functions/events.
• This is the perfect situation for a solid owner operator to build upon a strong existing foundation or this space is well-suited to any number of concepts that are ready to become the next neighbourhood gem or an established brand seeking to expand.
Hours
Licenced till 12pm
Lease
Long Secure Lease 5x5x5
Reason for Sale
We would therefore unreservedly recommend a viewing of a stunning commercial proposition of unique quality. An excellent existing business opportunity combined with the potential for further development, this only comes onto the market due to recent Family commitments and has consequently been very sensibly priced to ensure the earliest possible sale.
About the Business
Boston Business Brokers are pleased to introduce to the market this well-established concern which has earned itself an outstanding reputation for its quality offerings and unique design. For almost 10 years, this venue – situated in the heart of one of Melbourne’s most desirable suburbs -has enjoyed a highly successful trade as a wine bar and event space.
The unique, ivy-covered building opens to a chic, bespoke interior and leads onto a wine garden exterior within a weather-proof, hedge-lined setting.
The intimate, contemporary and entirely unique atmosphere has set a new standard for the affluent suburb and surrounds, earning it a reputation as a favourite amongst locals. The well-curated wine list and delicious, simple fare has seen it become a popular engagement, wedding and party venue when hired privately. The building is strongly positioned in a commercial & residential mix area occupying approximately 150sqm+ with 50+ seats inside and an additional 40+ in the garden room.
The current owners have grown a loyal, aspirational clientele with a high degree of goodwill for any new owner. Employing a small team of full- and part time-staff who could be an asset to any purchaser, this opportunity presents a marvellous chance for anyone with an appropriate catering or management background seeking an extremely well located, superbly equipped and locally available concern.
The business is also adaptable to further potentially lucrative licensed dining and hospitality opportunities providing any enthusiastic buyer with ample scope for continued growth and increased profitability. This might include a degree of menu expansion, the introduction of further wines and spirits, the possibility to operate extended daytime hours exploiting local demand, and generally adopting a more vigorous marketing policy for the restaurant’s excellent existing facilities and services.
• Turnkey and ready for new owner
• Great demographics in surrounding neighbourhoods and are bounded by supermarket, shops, cafes, restaurants, and other businesses nearby with lots of foot traffic seven days a week from locals and tourists in coveted trading location.
• Freestanding building in a high visibility intersection
• Compact equipped commercial kitchen
• Strong branding & comprehensive website with exceptional media presence and reviews
We would therefore unreservedly recommend a viewing of a stunning commercial proposition of unique quality.
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