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      Food, Beverage & Hospitality business for sale in Inner City VIC

      • Food, Beverage & Hospitality
      • Inner City VIC
      • Contact Agent

      Bar Nant

      The Bar offers a truly unique opportunity to purchase an extremely successful and well-established business. The property is in immaculate condition in the heart of Melbourne CBD presenting buyers with a real lifestyle opportunity in this renowned precinct. The current proprietors have owned the business for the past 3 years and have reluctantly chosen to place the venue on the market as they have now secured a new location from which to trade.

      The venue is presented to a very high standard and benefits from much repeat custom from locals, tourists from all over the globe, who regularly return to Nant time and time again.

      The bar offers an expansive collection of whisky, including paraphernalia, which is on display and we are advised is available to drink by the dram.

      Asking price includes:
      Well-earned reputation as a destination location
      Attractive, highly visible, well sited location
      Character building & modern, stylish decor
      Established customer base
      Note – the trading name “NANT” does not come with this sale

      Business Profile

      This successful business offers customers an opportunity to spend time enjoying a discreet drink in a relaxed and stylish atmosphere, from a comprehensive menu of the highest quality whisky’s.
      This business has at this time significant scope for growth and an increase in revenues. This can be achieved for example by taking advantage of the current volume of custom and potentially offering food. The Bar also limits the current trading hours so an extension to this would also benefit the sales and profit.
      The business is further supported by exemplary relations with key suppliers who have helped to ensure that customer service and product quality is never compromised and that customers receive the highest possible quality of service, this has led to the existing high levels of return custom. This commitment to suppliers and customers has underpinned this business’s abilities in service quality and sustained business success.

      Customer Service
      The Vendors consider simply that happy customers come back and on that basis have maintained levels of product and service quality intended to best guarantee that happiness. The results of this commitment are evident in the degree of return custom and the reach of its reputation.

      Key Strengths
      The business is well established with a strong, growing customer base managed by a comprehensive and sophisticated blend of management expertise and service commitment. The business retains a high level of repeat business, particularly among a number of customers returning on a regular basis and having done since opening. The Bar has earned an outstanding reputation for its quality service, reliability, sophisticated and stylish atmosphere, value for money and experienced staff. The quality of the location cannot be overstated since it is a key differentiator in the marketplace and a considerable asset, it is also responsible for the high visibility and the attending passing custom bringing unique first time visits on a regular basis.

      Key Opportunities
      This is an outstanding opportunity to build on the existing business services and customer base of this Bar and also to add new services. With a strong demand for its combination of location, environment and drinks, together with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.

      Growth and Expansion
      The current market for this business is growing and is forecast in the near and longer term for significant growth. The business is well positioned to take maximum advantage of any growth as it occurs.
      Financial profile:
      The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Boston Brokers.
      The business is financially stable with low overheads, positive cash flow and has shown consistent growth since opening. Stock in trade will be additional at valuation.
      Current turnover is on target for circa $600,000+

      Lease:
      15 years (04/2013)
      Rent $1,600 pw incl gst
      Outgoings NIL

      Advertising and Marketing
      The Vendors have invested significantly and successfully in the establishment of a well-known brand and used advertising only sparingly, as a high proportion of the business`s revenue has been due to its prominent position, excellent reputation for quality and service and strong word of mouth recommendation. There are excellent opportunities to increase this activity and market the business more aggressively to significantly increase turnover.

      Premises
      The welcoming, comfortable and contemporary Bar currently occupies a prominent ground floor, street level unit just off a main street with visible signage, which allows for an open and inviting entry to this stylish and successful Bar.

      Employees
      The business employs various part time/casual staff on an ‘as required’ basis to assist the Vendors with the day to day operations.
      Licence
      The business trades with the benefit of a General full licence 1am and to retail liquor off premises.
      Licensed for 20 patrons

      Business Highlights

      Business ID

      2013073401

      Last updated

      21 Sep 2016

      Category

      Food, Beverage & Hospitality, Leisure & Entertainment, Retail

      Map for Inner City VIC

      333 Latrobe St Melbourne VIC 3000

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