Well-established, Cosy and Contemporary Wine Bar in Busy and Burgeoning location

Well-established, Cosy and Contemporary Wine Bar in Busy and Burgeoning location

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Location Details :

Country

Australia

State

--

City

Cowes


Industry :
Professional - Brokerage ; Professional - Internet ; Professional - Property/Real Estate ; Technology - Online Services ;

Financial Details :

Revenue

--

EBITDA

--

EBITDA multiplier

-x

About the business

Phone enquiries - please quote property ID 28425.

For- Sale, Grenache is a well-established wine bar and restaurant in the heart of Cowes, about a hundred metres away from the waterfront, in Phillip Island's burgeoning restaurant district.

It’s a clean and sleek space with bright white walls and all-black accents. Ornate ceiling beams frame the long room on the ceiling; back on the ground, the bar in the middle of the space splits Grenache into two zones – a casual front area and a back zone for dining.

On offer is a boutique wine and gin bar, with an exceptional contemporary menu, fine local and international wines, and over 150 Gin varieties. Grenache is unlike its local competitors, offering the only dining experience of its kind on the island.

Commencing operations in November 2017, it has developed a reputation as a must-visit dining experience during the busy tourist season, and a popular watering hole for the locals in the cooler months. Enjoy a steady income from regular clientele, seasonal tourists and a host of regular events and functions throughout the year. Due to its high-quality wines, gin and food, Grenache is renowned for its cosy atmosphere, outdoor seating, and stylish, contemporary aesthetic.

Grenache is a Phillip Island institution with well-developed relationships with suppliers and patrons.
Boasting a fantastic reputation, with countless positive reviews online and by word-of-mouth, this business is ready to go.

Inclusions at a glance:
- Property Fit-Out, Appliances and Stock (excluding only the Hot Water Service and Split System owned by Landlord)
- Lease in place till October 2026 : 3x3x3 Currently in 2nd term.
- Liquor Licence Held – General Licence includes on-off premise, extends to an outdoor venue
- Licence - 98 Patrons - Between 12noon and 11 pm - On Any Day
- Classy, Inviting, Cosy, Artistic, Contemporary, Wheelchair accessible Fit-out.
- Features include French windows for views and sea breezes, a wood-fire fireplace and facilities for live performances
- Established relationships with local and international suppliers
- Online presence with great reviews – Instagram & Facebook (5-stars), Google (4.5 stars), Website and online article features (Broadsheet etc)
- Prominent main street and high traffic location, with highly visible outdoor area, complete with festoon lighting and options to customise
- Current Staff – Manager, 4 Bar Staff (Varies), Chef and Kitchen Assistant, and Cleaner

Currently trading Tuesday-Saturday evenings from 5 pm till Late, the business has plenty of potential. While currently achieving a solid income, you may further increase sales through opening up for lunch and afternoon trading, and/or Mondays and Sundays. Alternatively, there is potential to offer a takeaway menu.

Grenache is an established business with an exceptional reputation, that requires no further work for a new buyer. Enquire today!

** Price includes Stock

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

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