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Listing ID: 3031293

Bar Function & Events Business Melbourne City Fringe For Sale

Melbourne, Victoria, Australia

AU$ 250k to 500k

(Furniture / Fixtures included)

Revenue: AU$ 250k to 500k

Cash Flow: AU$ 250k to 500k

Business Description

Well established Lounge Bar Functions business located city fringe area. A host to a variety of corporate and private functions and events, successfully operating on 1-2 nights per week for 9 years. The business is ready for growth and would benefit any new owner to either simply take over and run status quo or ramp up with Database Marketing, Brochure Drop, Social Networking, Price Increases, Extended trading. There is sufficient profit to allocate a marketing budget if required.

Property Details

Years Established:

9 years

Property Type:

Lease

Other Details

Premise Details:

KEY POINTS • Only 1 - 2 Nights pw • On Premise licence till 7am – 7 days per week • Off Premise license till 11pm – 7 days per week • 300m2 fully renovated and equipped premises • Licensed 200 patrons • 6-month pipeline of advanced bookings • Consistent Year on Year Cashflow

Competition:

With little local competition

Expansion Potential:

The business has an excellent set up for up to 200 patrons and purposely kept as a simple operation easily run by a single owner / operator and 2 casual staff. The business offers Huge Growth Potential over the existing 1-2 trading nights, and always has a healthy 4-6 month pipeline of advanced function bookings throughout the year.

Operation Details

Employees:

Casuals x 2 Contractor x 1

Trading Hours:

Up to you 21hrs liquor license

Support & Training:

2 weeks training

Miscellaneous

Reason For Selling:

Vendor looking to peruse other interests after establishing and running this business for 9 years.

Contact this seller

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