SOUTH YARRA VENUE FOR SALE
Situated on the iconic Toorak Road South Yarra, a beautiful and trendy restaurant and bar is for sale.
The owners are motivated to sell, reflected by the heavy reduction in price and will consider all reasonable offers.
Whilst it is making excellent weekly profits, there is the opportunity to continue to improve this even further by keeping it as it is or reinventing it into something new. The fit-out and location would suit a variety of concepts.
Set within an original terrace house it is a relaxed yet refined space with a sunny and north-facing two-tiered terrace out front, and two dining spaces inside with banquette seating.
When entering this venue, you will be suitably impressed by the interiors that were uniquely designed by an award-winning Melbourne based designer. With a chic ambiance boasting a beautiful exposed brick wall, industrial-like light fittings and an amazing eye-stopping anodised metal bar in the middle of the restaurant, no expense has been spared.
Currently only trading five nights and three lunches, there is significant scope to increase trading hours to take advantage of people who work and shop within the very busy suburb of South Yarra.
The venue offers an extensive wine list and a concise list of cocktails. The food offering ranges from snacks to something more filling, to serious eats with flavours inspired by modern European bistro style cuisine.
With a strong loyal customer base, excellent Google Reviews, solid social media followers and multiple food and lifestyle internet reviews, they all consistently have the same message which is how impressive and welcoming this venue is.
WHAT YOU NEED TO KNOW:
- Monthly rent of $7550
• Lease terms are 5 x 5 x 5 which commenced in September 2021
• Trading hours are 5 nights a week, 3 lunches
• Weekly takings of $25000
• Weekly net profit of $4800
• Strong & consistent trading history of over 6 years
• Owner operator
• Capacity of 60 diners in total (36 inside 24 outside)
• Minimal staffing required given the size
• Liquor License
• All equipment will be included in this sale
• Large commercial kitchen