SOLD! BY SIMION YOUNG
NEWLY RENOVATED VENUE, BAR AND RESTAURANT
FLEXIBLE LEASE TERMS AVAILABLE UNDER COVID RESTRICTIONS!!
Opportunity to purchase this bar, restaurant and live music venue, located in a fantastic position in the heart of Eltham’s main shopping district. Fully Renovated from the ground up in 2019 at a cost of just over $1M. Fully licenced for 200 people, it has a function room, restaurant (40 seat), bar, stage and balcony area.
Opened in late November 2019 and closed March 2020 due to the Covid-19 pandemic. Average sales during this 3 month period was approximately $25,000 per week over a 4 night per week schedule. Unfortunately, the business did not have the chance to fully engage the restaurant and functions area to their full potential.
Highlights:
– Multi zoned PA system, accommodating live bands and DJ
– Fully functioning kitchen with pizza oven, walk in freezer and fridge
– Fully operational bar with walk in keg room
– Licenced for 200 people, 7 days a week
– Lease expires January 2028 with a further option of 2 x 5 years offered
– 70 person balcony area overlooking Main Street
Opportunities:
– Huge potential for significant growth
– Expand operating hours to include daytime food and beverage service
– Utilise function room
– Utilisation of restaurant for lunch and dinner
– Second to none in quality and functionality. This business will not disappoint!
Should you be interested in a similar opportunity or looking at selling your business, contact us on 03 8823 5400.
