LOUNGE & FUNCTION BAR – MELBOURNE CITY
FRINGE – CORPORATE AND PRIVATE EVENTS

Industry: Food/Hospitality - Alcohol/Liquor | Listed by: No Agent Business
Key Strengths
About this business
Phone enquiries - please quote property ID 23341

Well-established Lounge Bar / Functions business, strategically located in a highly sought-after city fringe area. With little local competition, the business plays host to a variety of corporate and private functions and events, successfully operating on only 1-2 nights per week for over 9 years. Owner now seeking a change.

The business has an excellent set up with capacity of 200 patrons and purposely kept as a simple operation, easily run by a single owner / operator and 2 casual staff. The business has an exceptional reputation and a sought-after functions venue, however there is still plenty of room for further growth benefiting any new owner to either simply take over and run ‘status quo’ or ramp up with database marketing, brochure drop, Social Networking, price increases and extended trading.
NOTE: The business has a healthy 4-6 month pipeline of advanced function bookings throughout the year

KEY POINTS
• Only 1 - 2 Nights per week
• 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

PREMISES – LEASE AND LOCATION
The premises are exquisite and are well set up for all types of functions including engagements, weddings, birthday celebrations, corporate events and more with accommodating decor. The premises are leased ($81,600 pa) - Lease Terms: 2025 with a view to extend to the right candidate.

The location is well serviced by a variety of public transport and surrounded by luxury high density residential apartments, large businesses and corp-orates.

There are some existing employees including some casuals x 2 and one contractor.

Skills Advantage, but not necessary would be:
- Beverage knowledge in Liquor
- Food and kitchen dynamics
- Business management
- RSA and Licensees First Step certificate required

This business is ideal for either the entrepreneur or an existing Events business wishing to expand.

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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Advertiser Details

Sell Business. Pay no commission. EVER!
Location: 26 Station Street
Moorabbin, Victoria
3189, Australia

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LOUNGE & FUNCTION BAR – MELBOURNE CITY FRINGE – CORPORATE AND PRIVATE EVENTS ListingImage
About this business
Phone enquiries - please quote property ID 23341

Well-established Lounge Bar / Functions business, strategically located in a highly sought-after city fringe area. With little local competition, the business plays host to a variety of corporate and private functions and events, successfully operating on only 1-2 nights per week for over 9 years. Owner now seeking a change.

The business has an excellent set up with capacity of 200 patrons and purposely kept as a simple operation, easily run by a single owner / operator and 2 casual staff. The business has an exceptional reputation and a sought-after functions venue, however there is still plenty of room for further growth benefiting any new owner to either simply take over and run ‘status quo’ or ramp up with database marketing, brochure drop, Social Networking, price increases and extended trading.
NOTE: The business has a healthy 4-6 month pipeline of advanced function bookings throughout the year

KEY POINTS
• Only 1 - 2 Nights per week
• 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

PREMISES – LEASE AND LOCATION
The premises are exquisite and are well set up for all types of functions including engagements, weddings, birthday celebrations, corporate events and more with accommodating decor. The premises are leased ($81,600 pa) - Lease Terms: 2025 with a view to extend to the right candidate.

The location is well serviced by a variety of public transport and surrounded by luxury high density residential apartments, large businesses and corp-orates.

There are some existing employees including some casuals x 2 and one contractor.

Skills Advantage, but not necessary would be:
- Beverage knowledge in Liquor
- Food and kitchen dynamics
- Business management
- RSA and Licensees First Step certificate required

This business is ideal for either the entrepreneur or an existing Events business wishing to expand.

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.

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:

Trading Hours:

Website:

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