Under Offer - Some Velvet Morning - 1p5385

Business For Sale 123 Queens Parade, Clifton Hill, Victoria 3068

Business Category

Leasehold $95,000


Under Offer - Some Velvet Morning - 1p5385

You'll find Some Velvet Morning in the centre of everything in Clifton Hill on the Queens Parade service road. The venue is easily accessed by tram and train with plenty of car parking around. That takes care of all those out of the area coming to enjoy the bands and music. But the bulk of the patrons are a very loyal crowd that come for coffee, drinks, music and the occasional book. Musicians just love the place, its intimacy and hidden shows where some big name acts practice their craft before going on to the big stages.

There is footpath trading for twelve at the front of the venue. Heading inside is the bar on the right which includes a food prep area for sandwiches and waffles. There is no commercial kitchen. Throughout is cafe style seating that leads through to the back room that is a cafe by day and at night transforms in to a small band room. A covered walk way leads from the band room out past the toilets and store room to a rear courtyard with decking and bench seating. There is rear access to the laneway with one off street car parking space. Heading upstairs from the bar is a small lounge which leads on to a quaint, hidden book shop aptly called "The Bookshop Upstairs".

Some Velvet Morning has eight years left on the lease made up of 2+3+3. Rent comes in at a very low $500 per week with no GST. Besides the sparkling water font all fixtures and fittings are included in the sale and there are no supplier contracts or lease agreements in place. The venue has an On Premises licence till 1am with a capacity of 64.

The venue has been taken on as a labour of love and really suits an owner operator that wants to take on their first hospitality business with a slight difference. It is a slower paced operation compared to most and that customer focused friendliness is what really drives the venue. There are very low overheads, a loyal group of customers and the possibility to expand the business in all sorts of directions. The vendor intends to move to regional Victoria and Some Velvet Morning is being sold on a walk in walk out basis with no books. With that in mind it is why the vendor is only asking for offers in the region of $95,000 for this calm, exclusively listed opportunity with the potential to be anything but calm.
Other Features / Notes
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Bsale ID: 564033
Broker REF: 1P5385

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