Licensed Bespoke Cocktail Bar and Restaurant - Balwyn, VIC

Balwyn VIC
Asking Price $299,000 plus SAV

Ideal for seasoned hospitality professionals or owner-operated by a family/couple, generating profits surpassing $150k for the FY 2023.

Situated in a prestigious Melbourne suburb, this nearly new Bespoke Cocktail Bar and Restaurant showcases a stunning interior crafted by a renowned interior designer. Offering a turn-key opportunity, no additional investment is necessary as all groundwork has been completed. Acquiring this business at its current sales and goodwill level presents a significantly lower cost compared to starting a similar venture from scratch and achieving comparable success.

·       Architecturally designed bespoke bar and restaurant in the suburb

·       Premises 180 sqm Seating capacity of 90+ indoors and out

·       Bookings and deposits secured until September 2024.

·       High demand for wedding dinners, a unique selling point that sets apart from competitors.

·       Regular bookings from prestigious local schools like Camberwell Grammar Boys School and Fontana Girls School ensure guaranteed income.

·       Live music nights on Thursdays add to the venue's appeal.

·       The Library Garden Area, with 1,323 likes on Facebook, is immensely popular among patrons.

·       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 $89

·       Trading hours can be extended due to late night liquor license.

·       Excellent marketing through social media, Australian Good Food Guide, Mail Chimp campaigns, Google advertising (Google My Business and AdWords)

·       Strong lease in place with supportive landlord

This thriving business presents an excellent opportunity for a new owner seeking work/life balance or aiming to expand. By leveraging the established brand, increasing function bookings, community marketing, and maximizing the late-night liquor license, revenue can be significantly boosted.

Additionally, even if the new owner decides to rebrand, the prime location, ensures the potential to attract patrons and host various events.

This opportunity is ideal for an Owner/Operator who can dedicate full-time hours as either a manager or Head Chef, or for a larger restaurant group seeking to incorporate a distinctive and established venue into their portfolio.

PRICE: $299,000 plus SAV

Property Code: 3331
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