Madame Brussells- An Icon In The Cbd - 1p6009

The vendor has done a great job in turning the venue round from impending closure a fews years ago and has adjusted its client experience to present a unique hospitable welcome to walk-ins and booked events alike. It continues to be immensely popular. The venue is cemented as one of the go to Melbourne hospitality experiences, a reputation earned by focusing on its unique brand.

Heading in off Bourke Street you access the venue by one of the smallest lifts you could imagine. What awaits indoors though is initially the Garden Lounge with synthetic lawn and curving brickwork paths that lead to the over grown bar. Tucked away up a side garden pathway there is a private function room, The Parlour. This bizarre den, modelled on a 1930s Bavarian man-cave, has functioned brilliantly for private dinners, Comedy Festival shows and its timber panelled wall hides a secret door to the back-of house. What most come to see is the north-facing open terrace overlooking the Windsor towers, visible through the Plane tree leaves from below in Bourke Street. A further level accessed from the terrace provides sheltered seating and heating with an elevated outdoor perspective. Behind the bar there are assorted kitchen preparation and serving areas along with a cool room, office, laundry and storage areas.

Madame Brussels has an On Premises licence until 1am seven days a week with a large capacity of 256. The rent is $2700 a week including GST. There are only just over three years left on the present lease. Any negotiation on extra terms with the landlord if required are to be done after the lease has been transferred. Note there is a six month bond in place. There are no equipment or supplier contracts and all fixtures and fittings are included in the sale.

Madame Brussels was taken on by a hospitality group that is looking to reduce some of its venues quite rapidly because of personal issues. It is run under management but probably better suits an owner operator. The hard work bringing the venue back over the last couple of years has been done. And this is reflected in the financials. The vendors are looking for offers in the region of only $50,000, for this exclusively listed venue, which is at a substantial discount compared to the income and net profit for this year.