Four Larks - Cafe By Day Functions By Night - 1p5134

Business For Sale 4/663 Victoria Street, Abbotsford, Victoria 3067

Business Category Alcohol Liquor Shop Cafe and Coffee Shop

Leasehold $120,000

Description

Four Larks - Cafe By Day Functions By Night - 1p5134

You'll find Four Larks at the far end of Victoria Street nestled in amongst a multitude of high rise apartments and IKEA. The venue is a busy cafe during the day and then transforms into a lovely function venue at nights and weekends. Four Larks has outstanding reviews for both functions and its cafe trade.

Inside, the venue is a large open space surrounded by charming blue stone walls with varied bench or table seating depending what is happening that day. The curved coffee counter and bar can service the main room and the fly in fly out patrons demanding their coffee fix at the same time. Behind the bar is a compact but well equipped commercial kitchen. The venue is simple in layout and very functional in being able to provide all that is asked of it. The vendors completely renovated the venue when they took over and have maintained it well, keeping it in excellent condition.

Four Larks has a Restaurant and Cafe liquor licence until 1pm with a capacity for 95. A perfect number for functions. There are seven years on the lease made up of 2+5 and another term can be negotiated on transfer, with rent coming in at $1400 a week including GST. There is an extensive asset register of everything that comes with the venue.

Four Larks suits an owner operator looking to take over a well run venue, with a very good reputation and various revenues streams. The set up is all done just set your own stamp on the business and keep things rolling along. There are a good set of books showing the venue is profitable and will provide a good wage for any owner. Their profit dramatically increased this year compared to last even with Covid restrictions. The vendors are moving out of the area and so are looking for offers in the region of $120,000 (Price Reduction) for this profitable, easy to run , exclusively listed venue.
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - Melbourne
Contact Seller

Bsale ID: 546082
Broker REF: 1P5134

CRE Brokers
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