Don't miss this exceptional opportunity to purchase this beautifully presented Cocktail Bar in the heart of Elwood Village.
With a background in property and interior design, but no hospitality experience, the Vendors wanted to fulfil their passion for great cocktails and open a local venue that could cater for this and more. When this AAA location was available, they snapped it up and gutted the interior to create a warm and welcoming vibe for locals, friends and lovers of cocktails.
Not a cent was spared to transform this once derelict building into a cool, stylish cocktail bar with cosy interiors. From the moment you walk through the doors, you'll be impressed with their striking tiled bar featuring arches filled with a great range of spirits and wines. Custom made velvet seating, mood lighting and an open fire on the ground level set the mood for a drink or two. There's also a second level which is the ideal location to host events, big or small as they can seat 40-50 guests in this area or more standing.
Fully licensed for 80 patrons, there's an additional 21 seats out the front of the premises, stylishly set in a permanent deck area.
With the main focus of this business being Cocktails, food is limited to Charcuterie Boards which can be prepared at the rear of the tenancy. Patrons currently have the option to provide their catering for functions, however, there is room to build a small commercial kitchen at the back. Further to this, there is a large rear yard which could potentially be developed (STCA) to extend the current operations of the Bar.
KEY BENEFITS INCLUDE:
Currently averaging $7,000 per week (some weeks 10K)
Only open 4 evenings for short trading hours
Position perfect location with excellent street exposure
Great long lease
Rent $1,189.76 + GST per week
Licensed for 80 patrons
Stylish fit out (approx $350,000 invested)
Tax depreciation benefits
Minimal staff required (1 Full time & 1 part time)
Ideally suited to Owner/Operators
Immediate potential for growth
The Vendors have realised that between their professional careers and an active baby that keeps them on their toes, they have very little time to dedicate to the business. Currently run under Management within limited trading hours, they recognise the immediate potential this venue has, but have come to the realisation that they don't have the time or energy.
Offered on a Walk In/Walk Out basis, there's not a cent to spend and the possibilities are endless!
For further information, please contact Grita Angelucci
