Jbb are excited to present this outstanding hospitality opportunity, right in the heart of Brunswick East. Located at 98-100 Lygon Street, Maggie's Snacks and Liquor offers one lucky buyer the perfect chance to step into a standout & turnkey hospitality business in a prime location within one of Melbourne's most sought-after culinary destinations.
Lygon Street is renowned as a food mecca, drawing in locals and visitors alike for its vibrant mix of eateries, bars, and cafes. Well positioned in a prominent double frontage building in the bustling Brunswick East precinct, directly in front of a busy tram spot, Maggie's enjoys high foot traffic and excellent visibility, making it a prime spot for any experienced hospitality operator looking for their next venture.
Maggie's is well known for its stunning and impressive fit out that has been carefully designed and curated to create a real welcoming atmosphere. With no expense spared on its most recent renovations, Maggie's boasts high-quality fixtures and fittings including a new kitchen and prep area, cool room, grease trap, full equipped bar and all new electricals and flooring. The venue boasts a large functional layout that spans over a stunning double shopfront, that maximizes both customer experience and operational efficiency. The business is also popular for functions as it's fully licenced to seat 110 patrons until 1am on Friday & Saturdays and until midnight Sunday Thursday, so it can really capitalise on the vibrant Lygon Street night life.
Maggie's has already established an excellent reputation within the industry, having been nominated for both 'Best New Bar 2024 in Australia & Top 50 Best Bars in Victoria', making it easy for a new owner to hit the ground running. The business is a turnkey operation that has everything already in place to succeed, so it is ideal for first-time buyers or experienced operators looking to expand. The venue still has exceptional growth potential as it boasts a prime location on Lygon Street offering ample room to grow and evolve the business, whether by expanding operating hours, introducing a new menu, increasing the number of functions, the options are endless.
BUSINESS HIGHLIGHTS:
- On premise liquor licence for 110 patrons and can hold up to 150 patrons easily
- Licensed until 1am Friday & Saturday and to midnight Sunday - Thursday
- Secure 20 (10+5+5) year lease which commenced January 2023
- Rent $165,000+ GST & outs pa
- Excellent modern fit out & equipment all included in the sale
- Currently open 6 nights + 2 lunches on weekends & coffee window open 7 days
- Low staffing levels - easy to run/manage venue
- Prominent double frontage building with maximum exposure
- Huge scope to build on function side of the business &/or open for day trade
- Excellent industry write ups and great customer reviews
- Outstanding location in popular hospitality precinct on Lygon Street
- Nominated for 'Best New Bar 2024' (Australian Bar Industry Awards)
- Nominated for Top 50 Best Bars in Victoria (Boothby Bar Awards)
Price: $198,000 + Stock
This is a rare opportunity to acquire a business in one of Melbourne's most premier night life locations. Call Karli on 0409 965 540 to learn more about Maggie's Snacks and Liquor and to arrange an inspection. Opportunities like this don't last long!
