Barlog - A Large Open Plan Licensed Cafe - 1p5296

Business For Sale 11/2 Waterview Walk, Docklands, Victoria 3008

Business Category Restaurant

Leasehold $45,000


Barlog - A Large Open Plan Licensed Cafe - 1p5296

You'll find Barlog in the epicentre of all the offices in between Collins and Bourke Street in the docklands precinct. The venue is very lucky to look out over the Docklands reserve area which is a huge area that the local office workers like to take their lunch.

There is not only footpath trading for twenty patrons but fully covered external seating at the front of the venue for another twenty. The whole venue is covered in glass so it is a great place to people watch and be seen. Large glass double doors lead you inside straight to the barista and coffee machine. There are a multitude of small wooden tables that can be set up for couples or group dining, breakfast meetings being very common. Behind the coffee station is a spacious serving and preparation area. This leads in to a very well equipped L shaped kitchen. The main cooking area opening out on to the prep area leads down to a self contained cleaning zone. It is all quite compact and well thought out. The venue is in excellent condition.

Barlog has a restaurant and cafe licence until 11pm with a capacity of 73. Rent comes in at $1350 a week including GST. There are eight years left on the lease made up of 3+5 with further terms negotiable. There is an extensive fixture and fittings list included in the sale. The coffee machine is the only item under contract.

The vendor rapidly expanded from one to two venues and unfortunately has over extended himself. He cannot run both and there is not the income to put Barlog under management. What the venue needs is an owner operator that can bring with them the dynamism to a venue that has a great location and fit out , take on the obvious challenges and give the venue the time it needs. The venue really does have everything to pivot to just about any style and also it would be an ideal function space on the weekends. Or a meeting point for those going to Marvel stadium which is a short walk. The vendor is very realistic about the sale of the venue and so is only asking for $75,000 on a walk in walk out basis for this exclusively listed venue that has huge potential.
Other Features / Notes
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Bsale ID: 543501
Broker REF: 1P5296

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