Bar, Cafe, Restauran...

Listing Summary

Categories Bar, Cafe, Restaurants
Business ID 34528
Sales Price $210,000
Takings $15,000 per week
Location South Eastern Suburbs
Forget everything you thought you knew about Frankston dining. This Bar is a classic Melbourne hidden gem that eschews stereotype, and has brought a slice of Fitzroy to Frankston.  Located next door to the Frankston Arts Centre, the venue not only draws patrons from the centre when there are the many productions on, but the venue is rapidly growing a cult following in the town.
When you walk in, you're greeted by a room that looks to be somewhere between a bar and a New York diner. The bar has a fully equipped commercial kitchen behind it.  Upstairs is a large self contained function space for 80 with its own bar  which can be used as such or as an overflow for downstairs. To the front of the venue there is bench seating along the front wall for 14 and footpath trading for another 20.  This creates a large outdoor area that is a premium spot in the Summer months. To the rear of the venue there is a car park, an external cool room and storage sheds. 
The current owners have applied for a permit to  set up a beer garden in the back area of the building. There is abundance of potential with the business and it's only getting busier as weeks go by.
The bar has a restaurant and cafe licence until 1am with a large capacity of 189. There are 14 years left on the lease made up of 5x5x5, GST and outgoings come in at around $1,600 a week. All fixtures and fittings are included in the sale.
Menulog and Uber Eats are commencing deliveries in May. The venue is popular for Pop Trivia on Wednesdays and local live music on Fridays.
This business is continuously growing as the area of Frankston is booming in population with high-rise apartments starting to be built, train station getting a major upgrade and the housing market bustling.
This venue suits both an owner operator or a boutique chain looking to expand their portfolio.  The venue is in excellent condition and has a great reputation with its burger based menu. The vendors are looking for a walk in walk out sale but are willing to stay on to train new owners. Seeking offers in the region of $210,000.
For More Details 
Please Contact:
Steven Ballan
0412 334 383
03 9571 7566
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Contact :
Steven Ballan  0412 334 383

Subject: Businesses for Sale, Business ID 34528