Four Larks - Suits An Owner Operator Looking To Take Over A Well-run Venue

4/663 Victoria Street, Abbotsford, Victoria 3067

Leasehold $65,000

Key Features

AI generated. Contact seller to confirm.

  • Family-run function venue with excellent reviews
  • Capacity for 95 patrons
  • Restaurant and Cafe liquor licence until 1am
  • Eight years on lease (3+5) at stated rent
  • Sublet weekday cafe covers the rent
  • Walk-in walk-out sale with extensive asset register
  • Turnover: Not disclosed
  • Net Profit: Not disclosed
  • Rent/Lease: $1400 a week including GST
  • Stock Value: Included
  • Established: Not disclosed

Business Details

Business Category

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 a lovely, family run function venue at nights and weekends with outstanding reviews.

Inside, the venue is a large open space surrounded by charming blue stone walls with varied bench or table seating depending on 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 very good condition.

Four Larks has a Restaurant and Cafe liquor licence until 1am with a capacity for 95. A perfect number for functions. There are eight years on the lease made up of 3+5 with rent coming in at $1400 a week including GST. There is an extensive asset register of everything that comes with the venue. The cafe is sublet at the moment for a Monday to Friday Cafe serivce that covers the rent. This agreement can be maintained or discontinued at transfer.

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 as a function venue or expand to become a cafe or restaurant as well. Four Larks is being sold on a walk n walk out basis with no books and so the vendors are only looking for offers in the region of $65,000 for this easy to run, exclusively listed venue.
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - Melbourne

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Bsale ID: 635422

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