PRICE REDUCED $150,000 WIWO
Boho is a fully licensed venue that is currently trading for bespoke functions & events only. This stunning space has a charming and modern fit out that can accommodate large bookings up to 228 patrons (92 inside & 136 outside) until 1am 7 days a week, so it's very popular for special events and corporate functions. The business is located riverside precinct in the heart of South Wharf in Melbourne within walking distance to Pan Pacific Hotel, Crown Casino, Novotel, Melbourne Convention and Exhibition Centre as well as DFO South Wharf Shopping Centre.
Boho has recently undergone a refresh along with some new furniture with set up to cater for both large and intimate functions with the use of its modern restaurant & bar space, great for sit down events, canape functions, bespoke networking, or product launches with the exclusive use of the lounge area, dining room, riverside terrace or all three. The venue a has a full commercial kitchen with excellent equipment. There is also a good-sized prep area which is ideal for any buyer looking to expand the catering/function side of the business.
Boho has all the elements you would expect to find in a chic Melbourne function venue. The interior space is modern and has been carefully thought out and beautifully executed with real character. When you step inside you get a sense of lux and space, thanks to the high ceilings, use of wooden furnishing, velvet sofas, polished wooden floors, a striking bar area that runs the length of the venue with marblelike countertop plus an iconic bohemian style posters covering the exterior of the building - perfect for those insta-worthy shots!
Boho is the perfect platform for any budding hopso enthusiast ready to get into a turnkey set up with a general licence which is rare these days, that is priced well under set up cost and still with huge upside. Whether you are looking to start a restaurant, or you are looking for a fully equipped function venue in a bustling riverside location, then this is it!
BUSINESS HIGHLIGHTS:
Currently used purely for functions & events
When run as restaurant/bar (pre covid) was doing up to $1.8 million pa
Gross rent $6,399.47 per month
Secure lease in place until 2041
General Liquor Licence until 1am 7 days a week.
Can hold up to for 228 patrons (92 inside & 136 outside)
Stunning waterfront location on the bank of the Yarra
Fully equipped commercial kitchen, prep area and bar, walk in freezer/cool room
All equipment fully owned & included in the sale
Multiple function spaces & revenue stream potential
Huge scope for growth by increasing current trading hours/venue use
Call Marc to inspect 0412 359 907.
