AN EXCEPTIONAL OPPORTUNITY TO ACQUIRE THE MUCH LOVED GINGERBOY INSTITUTION AT A FRACTION OF THE ORIGINAL 1.1 MILLION PRICE AS THIS BUSINESS HAS RECENTLY GONE INTO LIQUIDATION.
UNDER INSTRUCTIONS FROM THE APPOINTED LIQUIDATORS, ROGERS REIDY, WE ARE INVITING ALL INTERESTED PARTIES TO INSPECT THE VENUE AND COMPREHENSIVE ASSET VALUE.
AS THIS IS AN URGENT SALE, YOU'LL NEED TO BE QUICK AS THERE IS NO DOUBT THAT THIS MELBOURNE INSTITUTION IN A POSITION PERFECT LOCATION WILL BE SNAPPED UP.
FOR A COPY OF THE ASSETS INCLUDED IN THE SALE OR TO ORGANISE AN INSPECTION,
PLEASE CONTACT GRITA ANGELUCCI.
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BELOW IS THE ORIGINAL ADVERTISEMENT FOR THIS MUCH LOVED INSTITUTION PRIOR TO GOING INTO LIQUIDATION.
Undoubtedly a Melbourne institution, this longstanding and popular Restaurant, is being offered for sale for the first time in 18 years.
Strategically located within Melbourne's East End, home to many of the city's prominent theatres and commercial establishments, this business enjoys great exposure and foot traffic. It's central location also benefits significantly from the influx of tourists staying or visiting the CBD.
This Restaurant has developed an impressive online presence, having over 30,000 followers on Facebook and Instagram. It has also received an excellent 4.3 out of 5 rating on Google, based on over 900 reviews, exhibiting its commitment to providing high quality dining experiences.
The customer base is wide and varied, serving almost every demographic possible. They have established an enviable relationship with concierges in the local area that direct tourists to their venue as well as connecting with theatre groups and companies to cross promote and collaborate with the business. And of course, there's the local market of people working in the CBD and those that travel from all over Melbourne to experience the culinary delights and ambience of this iconic Melbourne institution.
Apart from dine-in guests, the business has diversified its revenue streams by hosting on-site functions across its two private spaces, each with meticulously designed features for various types of events. Whilst highly profitable, this venue also offers many avenues that new owners may explore for growth. The simplest opportunities include extending operating hours, opening a rooftop bar or capitalizing on the brand and expanding multiple locations.
The simple operation of this business enables Owner/Operators to benefit from a good work-life balance. The current Owner works only 20 hours per week, leaving the business under the capable hands of its management team which include a restaurant manager, beverage director and assistant restaurant manager. Their well-trained team provide all the support needed to run a seamless operation.
KEY FEATURES INCLUDE:
4 MILLION plus turnover
Position perfect CBD location
Near theatres & hotels
Longstanding business (18 Years trading history)
Well known and iconic brand
Beautifully presented Venue with quality fit-out
Liquor licence for 150 patrons
Robust online presence ( 30,000 followers on Facebook & Instagram)
Great Work-life balance (Owner only works 20 hours p/w)
Robust systems and procedures in place
Well-trained staff and competent Management team
Diversified revenue streams
Growth Opportunities
HIGHLY PROFITABLE BUSINESS
To learn more about this incredible opportunity, and to obtain a copy of the Information Memorandum, please contact Grita Angelucci.
