UNDER OFFER – Licensed Custom Cocktail Bar and Restaurant – Balwyn, VIC

Description

Turnkey Opportunity – Asset Sale

An exceptional opportunity awaits an experienced hospitality operator – or a family/couple – with this custom cocktail bar and restaurant in one of Melbourne’s most exclusive suburbs. Boasting an exquisite interior designed by renowned decorator Jane Gorman, this near-new establishment offers significant growth potential with no further investment required.

Key Features:

• Architecturally Designed: Bespoke bar and restaurant in a prestigious suburb.
• Spacious Premises: 180 sqm with seating for 90+ indoors and outdoors.
• Pre-Booked Functions already in place.
• High-Spending Clientele: Per capita spend above $69.
• Versatile Spaces: Generous dining areas and multi-purpose function rooms with two entry points.
• Event Hosting: Ideal for weddings, engagement parties, bridal showers, birthdays, and more.
• Culinary Excellence: Specialising in Australian-inspired share plates, complemented by an extensive cocktail and wine menu.
• Unique Offering: No other late-night licensed cocktail bars nearby.
• Convenient Location: Close to tram stops and public transport, with ample on-site parking.
• Expansion Potential: Late-night liquor licence provides scope to extend trading hours.
• Loyal Customer Base: Strong local following and repeat clientele, supported by dedicated staff in key roles.
• Effective Marketing: Active presence on social media, Australian Good Food Guide, Mailchimp campaigns, and Google Ads.
• Solid Lease: Supportive landlord with rent approximately $1,700 per week.
• Additional Revenue Stream: Registered with Pure Locations for photo shoots and filming (including music videos) during off-hours. Minimum spend is $2,300 plus GST for four hours, with higher rates for extended bookings.

This thriving business is ideal for a new owner seeking a strong work/life balance or for an operator looking to expand. Build on the established brand by hosting more functions, marketing to the local community, and utilising the late-night liquor licence. A perfect venture for a full-time owner/operator or a restaurant group wanting to add a unique and established venue.

Price: $170,000 WIWO (Asset Sale)