South Melbourne, VIC 3205

Price: $299,000

Well Established Smokehouse Bar & Grill with Explosive Further Potential

We have a well established Smokehouse Bar & Grill for Sale with Explosive Further 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 lunch and dinner, 4 days a week. This leaves ample room for eager entrepreneurs to extend the operating hours and take this current business to the next level.
Besides locals, people travel from far & wide to experience the unique offerings provided, from 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 flowing on social media and high ratings across all platforms.
This restaurant for Sale has a full liquor licence and seating capacity of 100. The commercial kitchen is large and well equipped with excellent equipment in great condition. Furthermore it is fully licensed till 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
Long lease 10+10 years
4 Day Lunch and 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 12pm - 3pm 5pm - 11pm
Thursday 12pm - 3pm 5pm - 11pm
Friday 12pm - 3pm 5pm - 11pm
Saturday 12pm - 3pm 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
History
Set up & opened in 2015, all the equipment and fit out still like new

Support & Training
Can be provided

GROWTH OPPORTUNITY

STAGE 1
Outstanding growth potential by taking the lease of the 330sqm warehouse next door premises 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 with uninterrupted & spectacular views of Melbourne CBD.

10943


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

Mobile: 0488 849 770
Enter Phone Code when promted.
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View Original Listing: For Sale By Owner