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Leisure & Entertainment business for sale in Hawthorn East

  • Leisure & Entertainment
  • 72 Auburn Parade Hawthorn East VIC 3123
  • Leasehold $500,000

Bar None - 1P5175

Camberwell was a dry area up until 2015, requiring local residents to vote and approve liquor licenses. So Bar None with its siblings has been a secret refuge for cocktail enthusiasts since 2004. And the secret is kept well because as you head down Auburn Parade just past Camberwell Station you really have to know where you are going to find a very unremarkable blue door.

Once inside you have a choice to make depending on who you are with and your mood. Downstairs to Bar None specialising in cocktails with big comfy couches, tables to gather around and a homey living room feel. Or Rosalitas on the ground floor, an unpretentious every day bar. There's a pool table, a jungle-like lounge area full of dangling plants, recycled timber fencing lining the bar and walls, and a few old knick-knacks and CDs that the owners found while rifling through op-shops. The liquor store takes up about a third of Rosalita's floor space. There are around 120 wines, 150 craft beers and 100 craft spirits, sourced from around the world and all hand-picked by the team. Or you can head upstairs to East of Everything. Inside you're greeted by polished wood, white walls and an incredible view of the city. A balcony is hidden behind Art Deco doors. Partially enclosed, it's perfect for daydreaming while watching trains come and go from Camberwell Station.

Bar None has now taken over the lane way to the side of the building which is ideal for the warm summer nights. There is a commercial kitchen on the top floor and each level has its own bar and toilets.

The venue has a Late Night General Licence until 2am with a combined capacity of 200. There are ten years on the lease made up of 2+4+4 with rent coming in at $1690 a week including GST. There is an extensive fixtures and fittings list.

All three levels of the business have their own unique strengths but combined they make a very profitable venue. The venue suits a group of hospitality individuals that want to take on a level each or a passive investor as each level has its own management team and so can run independently. The vendors have been there 16 years and it is time to move on. They have created an excellent business opportunity for someone and the very concise books clearly justify the asking price of $500,000 for this exclusively list venue. Vendors terms will be accepted.

Lloyd Nunn
CRE Brokers
Lloyd Nunn
CRE Brokers

Business Highlights

Business ID2016779364
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Last updated  4 Feb 2021
Map for 72 Auburn Parade Hawthorn East VIC 3123
Map for 72 Auburn Parade Hawthorn East VIC 312372 Auburn Parade Hawthorn East VIC 3123
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Lloyd Nunn
CRE Brokers
Lloyd Nunn
CRE Brokers

Business Highlights

Business ID2016779364
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  4 Feb 2021
CRE Brokers
U4/10 Lakewood Boulevard Carrum Downs VIC 3201
Lloyd Nunn
CRE Brokers
Lloyd Nunn
CRE Brokers

Ask Lloyd Nunn about this business

Lloyd Nunn

Lloyd Nunn

CRE Brokers

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