Close to the beach and a short stroll from the palm trees, you will find this amazing bar in an extremely iconic location in the heart of Acland Street. The venue is open in design and the beach feel fit out boasts white washed walls with splashes of colour, hipster lighting, timber floors, timber top benches and stools and stunning timber beams along the bar area ensuring the nautical theme is maintained throughout the entire space. The bar specialises in spirits particularly rum from around the world offering its patrons 38 different rums to select from, not to mention a well selected wine list and some of the finest cocktails on offer in St Kilda. The food menu is simple yet effective, featuring lots of share style plates such as chargrilled chorizo, smoked grilled octopus with picked slaw to your delicious bar favourites such as pork ribs, southern fried chicken and classic cheeseburger with chips.
This is an amazing venue, that is priced to sell ASAP. Don’t miss out. To inspect call or text Michael @ jbb on 0423 287 048 TODAY!
Average weekly sales of $13,000, higher in summer
Open 6 days from 3pm (closed Monday)
Great location on Acland Street in St Kilda
Run under FULL management
Seats 40 inside, 18 curb side and 12 on veranda
Great location on busy Acland Street
Great kitchen set up, all equipment fully owned and included in the sale
Easy to operate bar serving small plate food with high profit margin
Current owner has owned it for 4 years
General Liquor license in place for full venue till 11 pm
2-bedroom apartment at rear of property (currently let to chef)
Opportunity to increase hours and increase food menu
Full financials available to qualified buyers following inspection
LEASE AND RENT:
Commencement date: December 2013
Term: Five (5) years
Further terms: Two (2) further terms each of five (5) years
Current weekly rent: $1,722 + GST approx.
Rent reviews: 2.5% p.a
Size: 250m2 including 2-bedroom apartment (at rear)
ASKING PRICE: $100,000 + Stock
Be quick – this one will go fast! Call or text Michael @ jbb on 0423 287 048