For sale is St Kilda’s popular restaurant and bar ‘Good Love’, nestled on the corner of Acland and Fawkner street.

The owners come with a wealth of experience at some of Melbourne’s inner north well-known cafes, bars and clubs. Post covid the venue had a face-lift and has traded just nights and weekend brunch as a fine(r) style dining restaurant/cocktail bar, making it a popular venue for a lunch and/or a late dinner and drink.

Now in its fourth year, the business can be run under management (currently trading this way) or inject a bit of passion with an owner operator or two to capitalise on a huge labour saving.

The venue itself is fabulously fitted by Techne Architects (recent work with the local  Espy), has a newly negotiated rental amount of $1256 per week plus GST and outgoings, paving the way for a long future over the remaining 9 year lease. A huge saving of nearly $25K per year based on the pre-covid lease – thanks to a landlord who wants this business to thrive and can see its potential longevity.

Good Love has a solid social media presence with almost 10,000 followers on Instagram. This provides an excellent platform to continue to build this business. The loyal customers helped the business through the multiple lockdowns in Melbourne over the last two years.

It is currently opened 6 days a week and has just secured a 1am liquor license, making it a popular venue on a warm summer’s night. There is the opportunity to increase the trade to 7 days a week to create more revenue.

WHAT YOU NEED TO KNOW:

• Weekly takings of $22,000
• Fantastic opportunity to continue tracking 20%+ year on year growth
• Solid customer base
• Tidy and presentable venue
• All equipment fully owned
• Capacity of 102 diners – 72 indoor and 30 outdoor diners
• Run under management (potential labour saving if owner operate)
• Rent is $6050 per month
• Liquor Licence until 1 am licence 7 days a week
• Trading hours are Monday – Friday 3:00 pm – 12:00 am and Saturday and Sunday 11:00 am – 12:00 am (potential day trade to boost revenue)
• Employees consists of 3 Full timers and 5 Part time staff members

This business has just undergone a recent face lift, so when purchasing this business, you will be the beneficiary to a profitable business which still has more potential to grow in one of Melbourne’s most hip and vibrant suburbs.

Please contact NICK on 0419 589 852 to arrange an inspection today!