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LONGPLAY BAR – FITZROY/BRUNSWICK 318 St Georges Road, FITZROY NORTH VIC 3068

BUSINESS Detail

Type Food/ HospitalityLeisure/ Entertainment Status JUST LISTED Location Melbourne Sub Location Melbourne North Price P.O.A. Area Prime Location Bedrooms Well Established Bathrooms Heaps of Potential

BUSINESS DESCRIPTION

Longplay is a successful wine bar, cocktail bar, bistro, cinema, live music venue, and events space in North Fitzroy. Its success can, in part, be attributed to it having these different means by which to attract customers. Beautiful lighting, handmade wooden furniture, and its interior design as a whole has given it a reputation as one of the most beautiful inner city bars in Melbourne. 12 years of consistent trade has cemented its place as one of Melbourne best.

Longplay’s 30 seat cinema, hosts events 7 days a week, providing a reliable source of revenue.  These booking’s among many others include;

– Melbourne Comedy Festival shows

– Horror Film Society screenings

– Human Rights Film Festival screenings

– Fringe Festival shows

– Yarra Councils Leaps and Bounds Music Festival shows

– Hybrid Film Festival screenings

– Documentary Film Festival screenings

 

And countless other cast and crew events, private screenings, birthday parties, engagement parties, weddings, gigs, and theatre. In addition to the cinema, there is a middle function room that gets booked out for birthday parties, and other celebrations.

The business has built up an enviable reputation within the area which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals. All these aspects of Longplay help it attract a diverse demographic. The net is cast far and wide.

Above the ground floor is a 3 bedroom residence with timber floors, a commercial food prep kitchen, and plenty of storage. Subsidise one’s living expenses, or sub-let.

This well-maintained business creates the groundwork and framework on which a new owner could continue to build. The business is fully set up for continued operation and we believe it would make an attractive proposal for anyone looking to acquire a Bar and Bistro business in an established location. An amendment to Longplay’s planning permit, which was successfully applied for over Covid, allows Longplay to increase its trading hours from 41 hours per week, to 83 hours per week. This recent change to license which allows for this increase in trading hours has yet to be exploited. This project and investment are ideal for someone with an energetic approach and experience in the trade.

A valuable inventory of fixtures, fittings and equipment is included in the Asking Price.

Trading Hours: Monday to Wednesday 6pm-11.00pm

Thursday 6pm-12pm
Friday and Saturday 6pm-1am
Sunday 6pm-11pm
Lease: 8 years remain on the current lease
Rent: $6,245 monthly

Sales: $750k+ per annum with huge scope to increase

Seats: Current set out for 50+ covers

This well-established business has been in our clients’ careful ownership for the last 12 enjoyable years, living the million dollar lifestyle of great food, drink and socialising and is now only being offered to the market due to our clients’ family circumstances.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

All enquiries to Boston Business Brokers: Nathan Lihari 0411 988 999.

All arrangements to view are strictly by an appointment through the offices of Boston Business Brokers and no approaches whatsoever should be made to the owner or the business.

FIND THIS BUSINESS ON THE MAP

CONTACT AGENT

LONGPLAY BAR – FITZROY/BRUNSWICK
 0411 988 999
 nathan@bostonbrokers.com.au
Nathan Lihari
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Disclaimer: The financial information in this business listing has been provided by the Seller. Caville Pty Ltd t/as Boston Brokers has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Caville Pty Ltd t/as Boston Brokers recommends that you consult with an accountant, solicitor and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorised to make any representations or warranties on behalf of the seller or Caville Pty Ltd t/as Boston Brokers. You agree to hold Caville Pty Ltd t/as Boston Brokers and its associated brokers harmless for any misrepresentations made by seller.

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FEATURED BUSINESS

  • For UNDER OFFER

    PARTY SUPPLIES

  • For Sale

    CBD CAFE & ESPRESSO

  • For Sale

    SUPERMARKET/ LIQUOR – MELBOURNE

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