Under Offer 25/01/2024
UNDER OFFER Beautifully Fitted Wine and Cocktail Bar Taking $13K Weekly $198K (17120)
(no street name provided), South Yarra VIC 3141
$198,000
BusinessSize: n/a
This upscale wine and cocktail bar, catering to an affluent customer base, offers an enticing fusion of Asian flavours and a stylish dining ambience. Open four nights a week, patrons can indulge in expertly crafted cocktails ensuring an unforgettable dining experience. With its prime location and immaculately fitted premises, this business is suited for new or experienced operators seeking to enter Melbourne's rapidly-expanding bar and restaurant industry!
*Taking $13,000 PW
*GP at 70-75%
*Fully managed
*80 sqm premises
*Fit-out worth $400,000
*4.7/5 Google rating
*4-night operation
Gerry Morelli and the team at LINK Melbourne are proud to present a popular wine and cocktail bar with an Asian fusion twist.
Strategically situated on a corner of a bustling shopping strip, surrounded by thriving hospitality and retail outlets, this business enjoys unparalleled exposure to a constant stream of passing traffic. There are also multiple public transport options in its proximity, further enhancing access to its premises.
The business was recently renovated with a new fit-out, including new tables, chairs, glassware and crockery. Currently, it is fitted with $400,000 worth of plant and equipment, including marble counters, wooden floors and built-in fridge displays. It also has a full bar canopy, an all-electric kitchen, a dishwasher, and other fully owned equipment included in the sale.
Owing to its simple menu, the business can operate without a large team. One FT and one casual staff currently support it in addition to a chef. It is run fully under management, affording its current owner lifestyle flexibility.
With limitless potential, this establishment can also cater to the surrounding offices and explore daytime offerings such as coffee and café services.
Unlock the full potential of this wine and cocktail bar, a hidden gem awaiting its next innovative owner. Contact Gerry today to learn more.
Listing ID: 17120
Broker: Gerry Morelli
Phone: 0417 353 120
Email: gerry.morelli@linkbusiness.com.au
*Taking $13,000 PW
*GP at 70-75%
*Fully managed
*80 sqm premises
*Fit-out worth $400,000
*4.7/5 Google rating
*4-night operation
Gerry Morelli and the team at LINK Melbourne are proud to present a popular wine and cocktail bar with an Asian fusion twist.
Strategically situated on a corner of a bustling shopping strip, surrounded by thriving hospitality and retail outlets, this business enjoys unparalleled exposure to a constant stream of passing traffic. There are also multiple public transport options in its proximity, further enhancing access to its premises.
The business was recently renovated with a new fit-out, including new tables, chairs, glassware and crockery. Currently, it is fitted with $400,000 worth of plant and equipment, including marble counters, wooden floors and built-in fridge displays. It also has a full bar canopy, an all-electric kitchen, a dishwasher, and other fully owned equipment included in the sale.
Owing to its simple menu, the business can operate without a large team. One FT and one casual staff currently support it in addition to a chef. It is run fully under management, affording its current owner lifestyle flexibility.
With limitless potential, this establishment can also cater to the surrounding offices and explore daytime offerings such as coffee and café services.
Unlock the full potential of this wine and cocktail bar, a hidden gem awaiting its next innovative owner. Contact Gerry today to learn more.
Listing ID: 17120
Broker: Gerry Morelli
Phone: 0417 353 120
Email: gerry.morelli@linkbusiness.com.au
Inspections
No open inspections scheduled.
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Key details
Property type:
Business
Other Details
Property history
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SummaryMedian sales
Average Age
34 years
Population
25,028
Listing ID: 182093623. This listing has been viewed 1 time. It was first displayed on 16/11/2023 and last updated on 25/01/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.