Leisure & Entertainment business for sale in Balaclava
- Leisure & Entertainment
- 137 Carlisle Street Balaclava VIC 3183
- Leasehold $300,000
Ms Carlisles - A Very Profitable Venue - 1P5182
You will find Ms Carlisles just on Carlisle Street in Balaclava not far from the Chapel Street Junction. It is easy to spot as the outside tables are always full and as you walk past you look in through the bifold windows to see if there is any space left for you because the venue has a loyal group of customers that never seem to leave.
There is footpath trading to the front of the venue, from which you can look through the large open windows down right to the back of the venue. Along one wall is a long bar, well designed with some unique bar fittings. Varied seating throughout caters for small groups and couples. The backlit, wall recessed wine racks are visually impressive and is a great way to check out the wine list. To the rear of the venue there is a well equipped commercial kitchen and cool room. To the rear of the venue is a 30 seat park let area set up in Dianella Lane.
Ms Carlisles has eight years left on the lease made up of 2+3+3 with the landlord willing to negotiate further options. Rent including GST comes in at $1700 a week. There is restaurant and cafe licence until 1am with a good capacity of 115. The venue is in very good condition with an extensive fixture and fittings list.
The venue is run completely under management and so suits an experienced owner operator or is an ideal investment to produce a passive income. All the hard work has been done, the fit out, menus, reputation, suppliers etc etc. There are a very good set of books and and the venue has bounced right back since the restrictions were lifted. Sales are consistently over $30k a week with a very high profit margin. The vendors want to move interstate and so are looking for offers in the region of $300,000 (Price Reduction) for this exclusively listed venue. Personal issues are the reason behind the recent price reduction and all reasonable offers will be considered.