Queens Event Space - 1p6108

Queens Event Space and Cocktail Bar is a hidden gem in the world of bars and event spaces that provides intimate event packages for all types of functions. The building itself is a converted mid-Victorian terrace house, that accommodates events downstairs and a 1-2 bedroom flat upstairs ideal for any owner to occupy, or extend into additional function space.

As you enter the venue, the cosy atmosphere of the space and the vintage interior will draw your eye to the custom built redgum counter top bar equipped with two cocktail stations that ensure those Margaritas are served all day long. The main bar area consists of varied seating to accommodate the differing needs of the patrons. There is a small commercial kitchen next to the bar. Seating carries on down through the venue past the rear porch and out to an enticing lush hidden garden, where clients seem to gravitate to. There is also a laundry/storage location that is hidden and houses the ice machine, stores and any additional stock.

At the front of the building is a coffee station nook with plumbed coffee machine to allow for footpath traffic trade serve from the front window. Upstairs is a 1-2 bedroom flat, with venue toilets and a bathroom. Currently the spaces are being used for storage and office boardroom.

Queens has a restaurant and cafe licence till 10pm with a capacity of 50. There is plenty of scope to increase the capacity and opening hours. There is also a footpath seating permit included. There are five years left on the lease made up of 2+3 with the landlord happy to give extra terms to the incoming tenant. Rent comes in at $970 including GST a week. There is an extensive fixtures and fitting list with all included in the sale with no equipment or supplier contracts to be transferred.

The vendor has put a lot of love into the venue setting it up as a base for her mobile cocktail business brand. The latter has gone from strength to strength so the vendor intends to concentrate on that business and its franchises.

Queens is a very easy business to run with an owner operator being able to base themselves onsite and also run other businesses or just concentrate on functions as a core business. As the venue is entwined with the mobile cocktail business there are no books and so it is being sold on a walk in walk out basis. This is an ideal venue that can be utilised as a bar, restaurant, event space and cafe. The vendor is looking for offers in the region of $75,000.