Licensed Bespoke Cocktail Bar and Restaurant – Balwyn, VIC

Business ID: XB152313 - TURNKEY OPPORTUNITY – EXCLUSIVE LOCATION – NEAR NEW VENUE  

Perfect for an experienced hospitality venue operator – or a family / couple – Owner Operated profit in excess of $150k for FY-2023

Located in one of Melbourne’s most exclusive suburbs, it is a near-new Bespoke Cocktail Bar and Restaurant – featuring an exquisite interior designed by leading interior decorator, Jane Gorman. This is a turn-key opportunity – No further outlay is required – All the hard work has been done. The cost of acquiring this business at the current level of sales and goodwill is substantially less than starting the same business from scratch and building it up to comparable levels.  

   -  Eliminates the uncertainty associated with a new ‘start-up’  

   -  Architecturally designed bespoke bar and restaurant in the suburb  

   -  Premises 180 sqm – Seating capacity of 90+ indoors and out  

   -  Generous dining areas and multi-purpose function spaces with 2 separate entry points  

   -  Specializes in Australian-inspired culinary share plates – Extensive cocktail/wine menu  

   -  No competition nearby  

   -  Good customer base with per capita spending of above $69  

   -  Close to tram stop / public transport – Plenty of onsite parking  

   -  Trading hours can be extended due to late night liquor license  

   -  Excellent marketing through social media, Australian Good Food Guide, MailChimp campaigns, Google advertising (Google MyBusiness and AdWords)  

   -  Strong lease in place with supportive landlord  

This business is being sold in a very healthy state and offers an exciting opportunity to a new owner seeking a great work/life balance – or wanting to build a bigger business. Build on the existing established brand and boost sales/revenue by hosting more functions, marketing the business to the community, and better utilising the late-night liquor license.  

It would suit an Owner/Operator who could work full time in the business as manager or Head Chef or a larger restaurant group looking to add a unique/customised established venue.  

PRICE: $329,000

Property Code: 3331