BAR & EVENT VENUE – PRAHRAN
This is the ultimate bar and function venue in one!
Located in the hub of Melbourne’s best nightlife spots Greville Street – Prahran, this venue has forged it’s unbeatable reputation in the entertainment space for well over a decade. The venue offers two separate and distinct spaces offering completeness and suitability for any kind of event, party or function. From jazz tunes and crooner sounds to thumping club anthems, this venue caters for all patrons.
This versatility and adaptability of this bar, backed by a philosophy of providing the best possible hospitality experience, makes this venue arguably one of the pioneers in leading the ever-changing entertainment front across Melbourne’s nightlife.
To inspect call or text Michael on 0423 287 048
Function & Bar space open 3 nights per week Thurs, Fri & Sat
Net profit of $12,820 a month after vendors salary of $50,000 p.a
Under SEMI Management (owner does all bookings but has full time manager)
Ground floor holds up to 35 patrons and Level 1 up to 114 patrons
On Premise liquor licence until 1am – 7 days
Currently 50 forward bookings till mid 2018 and increasing weekly
All food supplied by caterer for past 5 years with small kitchen downstairs for serving across both bars
Easy to operate venue with high profit margin
Great location on Greville Street in the heart of Prahran
Financials available for qualified buyers
Current vendor has owned the venue for 7 years
All equipment owned outright and included in the sale
Secure long lease with good rental
LEASE AND RENT:
Commencement date: October 2011
Term: Five (5) years
Further terms: Three (3) further terms each of five (5) years
Lettable area: 200m2 approx.
*Upstairs area has plans for a refurbishment and all plans and engineering documents are available
ASKING PRICE: $195,000 + Stock
To inspect call or text Michael on 0423 287 048 TODAY