South Melbourne, VIC 3205

Vendor Details: 0488 847 018 Enter Phone Code 10943 when prompted.
Food/Hospitality
Price: $199,000
Vendor Details: 0488 847 018
Enter Phone Code 10943 when prompted.

Well Established Smokehouse Bar & Grill with Explosive Further Potential

THIS IS THE BEST DEAL OF 2020!!

TAKE ADVANTAGE OF THESE TOUGH TIMES AND GET INTO A BRILLIANT BUSINESS FOR JUST PENNIES IN THE DOLLAR!

SIMPLY BOOT THE BUSINESS BACK UP & BURST INTO 2021!!

ACCORDING TO THE VICTORIAN GOVERNMENT'S ROADMAP FOR "COVID19 NORMAL". THE RESTAURANT COULD BE FULLY OPERATIONAL WILL FULL SEATING CAPACITY WITH NO RESTRICTIONS CONSERVATIVELY BY JANUARY 1ST 2021 READY FOR A BUSY SUMMER SEASON!!

A hipster Smokehouse Bar & Grill for Sale, established in 2015, this smokehouse is now well established but has further Explosive Potential!

It doesn't get any better than this! The business was about to be listed prior to COVID19 for $500k. The owner has another project on and needs to sell quickly so has priced it well under market. So grab yourself a bargain, It wont last long at this price.

The restaurant specialises in low & slow smoked meats, Pulled Pork, Pork Ribs, Chicken, Beef Ribs & the best Smoked Wagyu Brisket in Melbourne!
This Smokehouse also caters for seafood lovers & vegetarians. We offer a brilliant selection of Australian wines including our own wine label, spirits, craft beers, & cocktails, making this Smokehouse Melbourne locals cant get enough of.

This amazing restaurant only opens for dinner, 4 days per week. This leaves ample room for eager entrepreneurs to extend the operating hours and take this current business to the next level.

Besides locals, customers travel from far & wide to experience the unique offerings provided. The smokehouse caters for tables of two to large functions, the restaurants festive nature & smoked meat platters designed to share are enjoyed by all.

This magnificent ex 1930's Motor Garage Smokehouse cost $750k to set up, resulting in an amazing venue with an excellent atmosphere, no wonder it was a finalist in the London Design Awards! The steam punk interior suits the informal but astute level of service this BBQ eatery provides.

This Smokehouse Bar & Grill is located in an affluent city fringe suburb of South Melbourne & is within easy reach of locals and traveller alike. Ample parking is available for customers and the location of this restaurant for sale is superb as it is surrounded by many supporting businesses and within close proximity to public transport.

All the hard work has been done in growing this business, which includes putting in place the platforms for online marketing. This restaurant has a strong online presence with a strong presence on social media and high ratings across multiple platforms.

This restaurant has a full liquor licence & seating capacity for 100 guests. The commercial kitchen is large and well equipped with excellent equipment in great condition. Furthermore it is licensed to 11pm for serving of local wines, craft beers, cocktails & a great range of Bar Snacks on the menu.

Business key points
Steadily growing established Business with solid turnover
Explosive potential to capitalise on expansion
Very Low Rental at 4.3% of takings
Full liquor Licence for 100 Guests
Long lease 10+10 years
4 Day Evening trade only
Large open plan venue for Functions
Premises 330sqm, Ground Floor 230sqm, Upstairs Terrace 100sqm
Mostly under management
Nothing to spend, Brand new fit out, only 4 Years old
Booming locality of residential apartments & commercial office towers.
Only a seven minute walk from Crown Casino & the South bank Precinct
Refined menu development over 4 years, best BBQ in Melbourne
Walk in & keep operating
Rare warehouse space in quickly expanding & gentrified area
Outstanding reviews for food & service on all social media platforms
Solid Kitchen team
Sales mix Beverages 26.5% - Food 73.5%


Current Trading Hours

Monday Closed
Tuesday Closed
Wednesday 5pm - 11pm
Thursday 5pm - 11pm
Friday 5pm - 11pm
Saturday 5pm - 11pm
Sunday Closed

Employees

1 Part Time Owner
2 Full time Chefs
1 Full time floor Manager
4 Casual floor Staff
2 Casual Kitchen Staff
Founded in 2015
All the equipment and fit out is still like new

Support & Training can be provided

GROWTH OPPORTUNITY

STAGE 1
Outstanding growth potential by negotiating the lease of the 330sqm warehouse next door and creating another large Bar of 100pax approx. including a Spirit Distillery or Craft Beer Brewery.

STAGE 2
Transforming the current 100sqm enclosed storage above the restaurant and creating an Outdoor Terrace Bar for another 50pax with uninterrupted & spectacular views of Melbourne CBD.

This would turn the premises into a 660sqm 250-300pax machine.
Happy times!

Please contact us for further information.

The Phone Code for this property is: 10943. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

Contact The Owner

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