This upscale wine and cocktail bar, catering to an affluent customer base, offers an enticing fusion of Asian flavours and a stylish dining ambience. Open four nights a week, patrons can indulge in expertly crafted cocktails ensuring an unforgettable dining experience. With its prime location and immaculately fitted premises, this business is suited for new or experienced operators seeking to enter Melbourne’s rapidly-expanding bar and restaurant industry!
*Taking $13,000 PW
*GP at 70-75%
*80 sqm premises
*Fit-out worth $400,000
*4.7/5 Google rating
Gerry Morelli and the team at LINK Melbourne are proud to present a popular wine and cocktail bar with an Asian fusion twist.
Strategically situated on a corner of a bustling shopping strip, surrounded by thriving hospitality and retail outlets, this business enjoys unparalleled exposure to a constant stream of passing traffic. There are also multiple public transport options in its proximity, further enhancing access to its premises.
The business was recently renovated with a new fit-out, including new tables, chairs, glassware and crockery. Currently, it is fitted with $400,000 worth of plant and equipment, including marble counters, wooden floors and built-in fridge displays. It also has a full bar canopy, an all-electric kitchen, a dishwasher, and other fully owned equipment included in the sale.
Owing to its simple menu, the business can operate without a large team. One FT and one casual staff currently support it in addition to a chef. It is run fully under management, affording its current owner lifestyle flexibility.
With limitless potential, this establishment can also cater to the surrounding offices and explore daytime offerings such as coffee and café services.
Unlock the full potential of this wine and cocktail bar, a hidden gem awaiting its next innovative owner. Contact Gerry today to learn more.
Listing ID: 17120
Broker: Gerry Morelli
Phone: 0417 353 120
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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