Under Offer - Quarry Hotel - 1p6160

You'll find the Quarry Hotel at the Northern end of Lygon Street nestled in amongst many other venues in a vibrant area. It's an old school pub serving up classic Parmas that are routinely voted to be in the top ten in Melbourne. The pub concentrates on showing sport hence all the screens and memorabilia throughout the place.

To one side of the venue is a large area of fixed outdoor seating that can look after twenty drinkers. Heading in through the double doors is the large bar, with three stations and twelve taps, in the centre of the venue. To the left is the band room with its stage and pool table along with lots of high tables and bar stools. If there is no music on, the bifold windows open up to the outside seating. Just by the door heading outside is the trap door to the beer cellar with its glycol beer system. To the right of the bar is the dining area with an assortment of seating options. Leading on from there is the old bottle-shop that is no longer being used. This can either be reinstated or converted to become an extension of the dining room. To the rear of the venue is a small office and the kitchen. The latter being compact but with a fully fitted commercial fit out along with two cool rooms.

The Quarry Hotel has a Late Night General Liquor Licence until 3am onsite and 11pm offsite with a capacity of 200. There are fourteen years left on the lease made up of 4+5+5 with rent coming in at $2900 a week including GST. All fixtures and fitting are included in the sale except for the sporting memorabilia. There are no supplier or equipment contracts being transferred.

The Quarry Hotel is being run completely under management so it is able to provide a passive income for an investor or hospitality group and will keep an owner operator rather busy. The vendor wishes to concentrate on his other venue hence the sale. The venue draws a large crowd to sporting events with no late night venues close by to give any competition. There is a full set of books with supporting information. They show a profitable venue, even in these difficult times, yet with plenty of scope to add revenue streams and increase income. The vendor is therefore asking for offers in the region of $400,000 for this exclusively listed large, sporting pub.