STAFF MANAGED BAR INNER MELBOURNE

‘This is a rare & unique business waiting for a new owner to change the course of their lives and enjoy the freedom on offer’
Boston Brokers is delighted to welcome to the market this well established popular bar venue business, which is ideally located within a high street trading location in Inner Melbourne.

This is a popular late night bar venue, which hosts regular entertainment. The property boasts an impressive 150 sq. metres of floor space, including a 1st office and storage area. The bar is immaculately presented both externally and internally offering a cosy and intimate atmosphere, a great place to relax and unwind. Food is prepared in the commercial grade kitchen with a high level of equipment installed.

Our client offers a wide variety of beverages including draught beers, ciders, real ales, spirits, wines, bottled beers and cocktails as well as a variety of tapas. The business has built up an enviable reputation within the area for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

The business genuinely comes to the market as our client desire to focus on other interests. This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
– Well established over 15yrs
– Modern contemporary décor
– Licensed 1am for 70pax
– Excellent fixtures, fittings and equipment
– Long term seasoned employees and managers
– Owners will fully participate in smooth transfer of business
TENURE
We are advised Leasehold:
Lease: 12 years
Rent: $85,000per annum
HOURS
The business is currently open:
Tuesday – Thursday: 5pm – 1am
Friday – Sunday: 12.00pm – 1.00am
Monday: Closed
STAFF
The business is staff managed with various full time & part time staff members.
FINANCIAL PROFILE
The business generates a a very healthy turnover in the region of $1,000,000 with a nett profit at around 25% profit

SALE INCLUDES

The business entity including all business assets, all furniture/fixtures/equipment, all business relationships, and all existing income or cash flow to the owner
*** In order to accommodate prospective buyers, phone conferences and in-person meetings with the seller are being scheduled once a confidentiality agreement is in place and a financial ability has been established.