Licensed Custom Cocktail Bar And Restaurant – Balwyn, Vic

Business ID: XB152313 - Turnkey Opportunity – Over $165k Profit for FY 2024

An exceptional opportunity awaits an experienced hospitality operator or a family/couple with this custom cocktail bar and restaurant in one of Melbourne’s most exclusive suburbs. Boasting an exquisite interior designed by renowned decorator Jane Gorman, this near-new establishment offers significant growth potential with no additional investment required.

Key Features:

- Architecturally Designed: Bespoke bar and restaurant in a prestigious suburb.

- Spacious Premises: 180 sqm with seating for 90+ indoors and outdoors.

- Strong Financials: Revenue exceeding $650k for FY 2024.

- Pre-Booked Functions: Deposits secured until October 2024.

- High-Spending Clientele: Per capita spending above $69.

- Versatile Spaces: Generous dining areas and multi-purpose function spaces with two entry points.

- Event Hosting: Perfect for weddings, engagement parties, bridal showers, birthdays, and more.

- Culinary Excellence: Specialises in Australian-inspired share plates with an extensive cocktail/wine menu.

- Unique Offering: No other late-night licensed cocktail bars nearby.

- Convenient Location: Close to tram stops/public transport with ample onsite parking.

- Expansion Potential: Opportunity to extend trading hours due to late-night liquor license.

- Loyal Customer Base: Local and repeat customers with dedicated staff in key positions.

- Effective Marketing: Strong presence on social media, Australian Good Food Guide, MailChimp campaigns, and Google advertising.

- Solid Lease: Supportive landlord with rent approximately $1700/week.

- Additional Revenue Stream: Registered with Pure Locations for photo shoots and filming, including music videos, during off-hours. Minimum spend is $2,300.00 plus GST for four hours, with higher rates for longer bookings.

This thriving business is perfect for a new owner seeking a great work/life balance or looking to expand. Build on the existing brand by hosting more functions, marketing to the community, and utilising the late-night liquor license. It’s an ideal venture for a full-time Owner/Operator or a restaurant group looking to add a unique, established venue.

Price: $249,000 plus SAV

Property Code: 3331