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Cocktail Bar Event Space In South Melbourne For Sale

South Melbourne, Victoria, Australia
Asking Price:
$69,000 (AUD) Furniture / Fixtures included
Sales Revenue:
Under $100K (AUD)
Cash Flow:
Under $50K (AUD)

Walk in walk out, I am selling my boutique cocktail bar venue located ideally in South Melbourne.

Rent is cheap at $4200 per month plus really reasonable outgoings. I have multiple businesses and haven't had time to devote to this place, and could make so much money but I have really only used it as a base for my other business, occasionally running events in the venue, but its all kitted out and has a website also with it and online booking system. Hosts great events. I currently only open for events with our Bottomless Brunch also very popular on weekends. This venue has the opportunity to open 7 days as cafe and restaurant.

My hubby and I custom built this with complete cocktail wells, and also redgum bar top.

It has a front coffee window, with plumbed coffee machine and grinder. There is also a 2 bedroom apartment upstairs with two toilets and bathroom. Has a cafe/restaurant licence and also outdoor seating permit. I have not used it as a Café or a Restaurant. I have not opened the doors to this business for walk in customers ever, only for events on a Saturday so income generated is solely from Saturday events. This business has huge potential.

Has a rear 'secret garden' courtyard, and storage area with ice machine, grease pit and also laundry area.

DM for information memorandum.
Includes good sized commercial kitchen with canopy and grease trap also installed. New fridges and appliances bought 3 years ago. Deep fryer never been used.

Bond is 3 months rent.
Price is plus gst.

Property Information

Real Estate:

Lease

Lease Terms:

Available for another two terms of three years. Ready to be renewed late Feb 2025, though landlord is open to negotiation to new tennants.

Leasehold Rent:

$45,600 (AUD) per annum

Living Accommodation:

2 bedroom apartment with 2 toilets and shower.

Location:

South Melbourne, busy Dorcas Street. We have the new Eastern 11 corporate building just opened up next to us, new corporate about to be finished being built behind us, and across the road renovation about to start on new establishment. High prime location for cafe, restaurant, lots of foot traffic. Free parking on weekends.

Premises Details:

Victorian Terrace, with heritage overlay, but in saying that there is signage location out front available for sign to be placed already and in accordance with permit.

Business Operation

Expansion Potential:

Huge as above.

Competition / Market:

Nil - we should have opened the cafe.

Reasons for selling:

I own and operate Cocktail Queen mobile bars which is franchising currently around Australia. I devote all my time to this and don't have time to devote to the venue anymore.

Trading hours:

We only open for events currently as booked in.

Years established:
4

Other Information

Support & training:

Will assist in website redesign and online booking system to be converted.

Furniture / Fixtures value:
$50,000 (AUD) - included in the asking price