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ICONIC FUNCTION VENUE – INNER SOUTH EAST

ICONIC FUNCTION VENUE – INNER SOUTH EAST

This function venue has been established for over 20 years and is perfectly located in the heart of one of Melbourne’s most affluent and picturesque suburbs in the Inner South East – 5km from the CBD. This venue has recently been renovated, making it stylish, contemporary and a popular choice for events such as weddings, corporate and school events, private parties and so much more. This venue prides itself for providing a professional and friendly service backed by the highest quality food. This venue is known to exceed expectation and make dreams a reality. This is a 1st class investment opportunity under full management.

Don’t delay, call Michael on 0423 287 048 and INSPECT today.

BUSINESS HIGHLIGHTS:
Annual sales of $1,385,059 (2016/17) & highly profitable
Function Centre available for bookings 7 nights per week
Run under full management
Known as the “GO TO” venue for most of Melbourne’s top private schools
Great location in the heart of the Inner South East
Function room seats up to 400 patrons
Liquor license until 1.30am – 7 days

BUSINESS STRENGTHS:
Amazing fully fitted function kitchen
Current owner has owned the venue for 7 years
Carpark 5 spaces included and use of 3 level carparks on weekends
Opportunity to increase sales and grow the business to triple the current turnover with the right operator
1st class fit out and furnishings, all fully owned and included in the sale
Full financials available for qualified buyers

LEASE AND RENT:
Term: 12 years currently remaining
Rent: $300,000 p.a. (including + GST & outgoings)
Rent reviews: CPI p.a
Size: 800m2 approx. + 5 carparks

PRICE: $270,000 + Stock

To inspect call or text Michael on 0423 287 048

*Due to confidentiality, a generic photo may have been used in this advertisement

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