Two Storey Bar & Lounge Next To Beachfront In Phillip Island Business For Sale

One of the best locations in Phillip Island, only moments away from a popular beach in Cowes.

Currently operating as a bar, event space and live music, the venue is equipped with a commercial kitchen and could easily convert to a restaurant or cafe with very little cost to change over.

Owners operate on a part-time basis and trade only 4 days a week, opening in the afternoons only. Huge potential to increase trading hours, expand menu and operate deliveries and takeaway as well as promote events and venue hire.

Despite very short trading hours and a very small menu, the business currently has a revenue of over $500,000 per year, making this the perfect business for those looking to add to their investment portfolio, semi-retired or owners with young families that may need shorter hours or flexibility.

Rent is only $68,200 per annum for both levels and includes plenty of storage onsite and a shaded balcony upstairs that overlooks the water.

Backing onto land at the moment, there are plans for developers to add hotels and conference areas, which will bring in more foot traffic during shoulder or off-peak seasons. This is an ideal time to secure this location as it is centrally located amongst major developments and plans for the island.

Owners are happy to provide support and will assist new owners to make sure there is a smooth handover with staff, suppliers, customers and entertainers.

No experience is necessary, as this business is very easy to run.

For further information, please contact Elle Likopoulos on XXXXXXXXXX .

Ref: B14632