Pre Drinks Bar - 1p5996

The name of the venue Pre Drinks Bar tends to give you a good idea as to the what sort of venue we have here. It's located amongst the entertainment strip on Commercial Road in South Yarra. It really has targeted the wilder birthday parties and hens nights. A simple, specific demographic and it has done well.

There is footpath trading at the front of the venue. And on warm nights the whole of the front of the venue can be opened up with bi fold windows. Inside on the left is the bar and the space downstairs is set up more for dancing than sitting down. To the rear of the ground floor is the DJ booth which leads on to a decommissioned kitchen now used as a store room and then on to the stock room. Behind the bar is an alley way that leads out to a covered courtyard with its own bar (which is not used at the moment), passing the ground floor toilets. The male toilets cleverly being in an old converted cool room. Upstairs there is a small karaoke room with quirky details, more toilets and then on to the upstairs lounge with its own bar, small stage and sound system.

Pre Drinks Bar has an On Premises licence until 1am with a very good capacity of 168. There are ten years left on the lease made up of 2+3+5. Rent comes in at $1200 a week including GST. All fixtures and fittings come with the venue and there are no equipment or supplier contracts being transferred.

The venue suits an owner operator that can either keep the venue as it is or change the target audience. The infrastructure is all there with low overheads. This is also an ideal first time venue with less risk than others. The vendor has had a great time over the last couple of years and now wants to slow down a bit. So the venue is being sold on a walk in walk out basis without books. The vendor is looking for offers in the region of $135,000 for this exclusively listed party venue.