BAR / FUNCTION VENUE BUSINESS FOR SALE - MELBOURNE CITY FRINGE | Transworld Business Advisors

BAR / FUNCTION VENUE BUSINESS FOR SALE - MELBOURNE CITY FRINGE

Listing Number: 32457-549912

Description

Summary

Takings $338,710 | Rent $81,692

Successful, versatile and 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 8 years.

Location Details
The business is ideally located and easily accessible being situated at the edge of the CBD. The location is well serviced by a variety of public transport and surrounded by luxury high density residential apartments, large businesses and corporates.

Lease
2025

Hours
1-3 nights per week.

Employees
Casuals x 2
Contractor x 1

Skills
Customer Service, Stock Buying, Customer Follow Up, Staff Management.

Potential
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.

Reason for Sale
The owner has been involved in the business since its launch in 2010 and decided it is time to pursue other career interests after the successful operation of the business for many years.

History
8-year trading history.

About the Business| Owners contribution
Prepare the venue for service, oversee staff, liaise with clients and suppliers.
This includes dealing with general business, payroll and accounts, staffing, stock control, booking functions, quoting function packages, payments and conducting venue inspections.
The owner is the main contact for suppliers and representatives and meets on a regular basis to discuss new products, promotions and training support supplied by these companies.
Currently the vendor operates this business achieving life / work balance, at a steady rate, trading mainly one day per week and sometimes two or three days per week during peak key event and calendar periods.

---
Description
Versatile well-established Lounge / Bar / Functions business 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 a number of years.

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.

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

Keen vendor, genuine buyers are encouraged to Contact Sean McBride on 0404 478 829 for a full Information Memorandum.



Summary
Successful, versatile and 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 8 years.

Location Details
The business is ideally located and easily accessible being situated at the edge of the CBD. The location is well serviced by a variety of public transport and surrounded by luxury high density residential apartments, large businesses and corporates.

Lease
2025

Hours
1-3 nights per week.

Employees
Casuals x 2
Contractor x 1

Skills
Customer Service, Stock Buying, Customer Follow Up, Staff Management.

Potential
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.

Reason for Sale
The owner has been involved in the business since its launch in 2010 and decided it is time to pursue other career interests after the successful operation of the business for many years.

History
8-year trading history.

About the Business| Owners contribution
Prepare the venue for service, oversee staff, liaise with clients and suppliers.
This includes dealing with general business, payroll and accounts, staffing, stock control, booking functions, quoting function packages, payments and conducting venue inspections.
The owner is the main contact for suppliers and representatives and meets on a regular basis to discuss new products, promotions and training support supplied by these companies.
Currently the vendor operates this business achieving life / work balance, at a steady rate, trading mainly one day per week and sometimes two or three days per week during peak key event and calendar periods.

---
Description
Versatile well-established Lounge / Bar / Functions business 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 a number of years.

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.

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

Keen vendor, genuine buyers are encouraged to Contact Sean McBride on 0404 478 829 for a full Information Memorandum.



Listing Details

  • Price: $749,000
  • Down Payment: TBD
  • Sellers Discretionary Earnings: $0
  • Total Sales: $0
  • Location:

  • Inventory: $0
  • FF&E: $0
  • Employees:
  • Reason for Selling: The owner has been involved in the business since its launch in 2010 and decided it is time to pursue other career interests after the successful operation of the business for many years.
  • Category: Liquor Related Biz