Summary
Stunning minimalist fitout - one of the best-looking bars in the area - sales of $850,000pa - General Liquor License until 1am - Seating for up to 50 patrons inside & 50 outside - Run Under Management
Location Details
Smith Street
About the Business
"Sustainable boutique wines, great staff, delicious snacks - A real GEM in the heart of Collingwood"
BUSINESS HIGHLIGHTS:
Annual turnover of $850,000+
Adjusted net profit of $150,000p.a
General Liquor License until 1am Mon – Sat & 11pm Sunday
Seating for up to 50 patrons inside & 50 outside (footpath)
Current run Under Management
Stunning minimalist fit out with plants and greenery throughout – one of the best-looking bars in the area
Excellent reputation, fantastic customer and industry reviews & 4.9 google ranking
Open 7 days from 2pm (Mon – Fri) and from 12pm Sat & Sun
Secure 12 (2+ 5+5) years remaining on the lease and rent is $74,000 + GST p.a
Fantastic location on Smith Street with large amount of foot traffic
Will suits buyers with a budget circa $300,000 + Stock of $70K approx.
This venue is notorious for its extensive wine list with industry recognition for housing arguable some of the top and most sustainable wines in Victoria. The food offering is simple but tasty offering a vegan and vegetarian menu of tapas-style share plates, all matched perfectly with its well-priced drinks menu.
This wine bar & shop has all the perks of its high-profile location on Smith Street with great foot traffic and main road exposure, without the expensive rental often found in neighbouring inner-city suburbs. The interior space has been carefully thought out and beautifully executed with real character. The fit-out style is minimalist with polished concrete floors, high ceilings and white walls really opening up the space, with an elaborate scattering of plants, monochrome artworks throughout and 'Japandi-style' smart lighting, to soften the room. The venue floorplan is open and versatile which allows it to cater for private functions of up to 50 patrons inside plus an outdoor seating area for an additional 50 patrons which is perfect for a late-night drink for those warmer summer nights ahead.
The business has an excellent online presence with a google rating of 4.9, fantastic online customer reviews, strong social media following and great industry writeups. This business is currently running under management, so it’s perfectly positioned and ready for a purchaser to take over and start making money from day 1. With a genuine vendor ready to do a deal over summer, there is no better time to look at this outstanding opportunity. This is a must see for any genuine wine buff. Call Marc to inspect on 0412 359 907
History
This popular wine bar & shop is located on the ever-busy Smith Street in the heart of Collingwood and is quintessentially the perfect place for an intimate mid-week drink and snack to a boozy weekend catch up with friends. After opening its doors in 2020, despite all lockdowns, the business quickly became renowned for serving some of the best wines in the area.
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