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Prime Near City Location Bar & Eatery for Sale – Make An Offer
Summary
You'll find One 2 Three Bar in the centre of everything in Clifton Hill on the Queens Parade service road. The venue is easily accessed by tram and train with plenty of car parking around. That tak...
Location Details
Queens Parade
About the Business
You'll find One 2 Three Bar in the centre of everything in Clifton Hill on the Queens Parade service road. The venue is easily accessed by tram and train with plenty of car parking around. That takes care of all those out of the area coming to enjoy the bands and music but the bulk of the patrons are a very loyal crowd that come to enjoy a small intimate venue with a retro feel.
There is footpath trading for twelve at the front of the venue. Heading inside, the bar is on the right which includes a food prep area for light snacks. There is no commercial kitchen. Throughout is cafe style seating that leads through to the back room that at night transforms into a cozy band room. A covered walkway leads from the band room out past the toilets and storeroom to a charming rear courtyard with decking and bench seating. There is rear access to the laneway with one off street car parking space. Heading upstairs from the bar is a recently built private function room.
One 2 Three Bar has five years left on the lease made up of 2+3 with the opportunity to negotiate further terms with the landlord. Rent comes in at a very low $500 per week with no GST. The venue has an On Premises licence till 1am with a capacity of 64. All fixtures and fittings are included in the sale and there are no supplier contracts or lease agreements in place.
The venue is run under management as a side hobby for a father/daughter team. However, it really suits an owner operator that can give the venue their undivided attention, perhaps opening more than the two nights a week as it is at the moment. The venue is in good condition, with a nice location and loyal following amongst the locals. There are books but they are not in the best condition but do show all the expenses so that any buyer can clearly see the venue can make money quite easily. One 2 Three Bar is an excellent opportunity for someone taking on their first venue with minimal risk and lots of fun to be had with a great opportunity to greatly increase the income and profitability of the venue. The vendors are looking for offers in the region of $93,000 (price reduction) for this exclusively listed little gem.
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