This highly regarded laneway bar, situated in the heart of Melbourne's Central Business District (CBD), presents a compelling opportunity for discerning investors seeking a profitable, well-established hospitality business. With 18 years of consistent performance under its current ownership, this venue boasts a strong reputation among both locals and tourists, offering a unique and intimate setting that combines a curated selection of cocktails, wines, and spirits with a simple yet enticing tapas menu.
KEY HIGHLIGHTS:
Prime CBD Location: The venue benefits from a central, high-traffic location, ensuring strong foot traffic and exposure to both local and international visitors.
Steady Revenue Stream: With average weekly takings between $18,000 and $20,000, the business experiences substantial turnover increases during major city events, such as the Melbourne International Comedy Festival, where weekly revenue more than doubles.
Exclusive Al-Fresco Balcony: The venue offers a private al-fresco balcony, seating 24 patrons, providing an exceptional outdoor experience that overlooks the dynamic Melbourne streetscape.
Spacious Capacity: The venue accommodates up to 90 patrons, with 66 indoor seats and 24 outdoor seats, and is well-suited for standing cocktail events of up to 100 guests. The layout is highly adaptable for both social and corporate functions.
Licensing & Trading Hours: The venue is fully licensed until 1:00 AM, offering extended service hours that align with the vibrant Melbourne nightlife.
Sophisticated Fit-Out: The stylish venue features a well-designed bar and luxe retro décor, offering a visually appealing and comfortable environment for patrons.
Efficient Operations: A small kitchen supports the straightforward tapas menu, minimizing complexity while maintaining quality. The lean yet efficient team, consisting of bartenders, floor staff, a cook, and two part-time owners, ensures seamless daily operations.
Loyal Clientele & Strong Performance: The venue enjoys a loyal customer base and boasts consistently strong financial performance, particularly during peak trading times, making it a highly profitable and low-risk investment.
Financial Overview:
Weekly Rent: $2,631.86 + GST.
Profitability: The venue's consistent financial performance and ability to capitalize on event-driven surges in business ensure robust profitability.
Growth Potential:
This business presents significant opportunities for growth, whether through expanding the current offering, enhancing marketing initiatives, or leveraging the venue's capacity for private functions and corporate events.
Ideal Acquisition Opportunity:
This laneway bar represents a turnkey opportunity for an investor seeking a highly profitable and easily manageable business in a prime Melbourne location. With a straightforward operational model, exceptional customer appeal, and strong financials, this venue offers an outstanding foundation for continued success and future growth.
For further information or to explore this opportunity, please contact Grita Angelucci.
