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Food, Beverage & Hospitality business for sale in Brunswick East

  • Food, Beverage & Hospitality
  • 120-122 Lygon Street Brunswick East VIC 3057
  • $129,000 (GST na)

New Prie - Restaurant & Cocktail Bar

NEW PRICE: $129,000

Location, Location, Location It doesn't get better than this!

Located in the hub of Brunswick's food mecca on Lygon Street you will find this incredibly popular licensed venue and one of Brunswick East best kept secrets. You know those places that you want to tell everyone about but also want to keep it all to yourself? Well, The Moldy Fig is IT!

BUSINESS HIGHLIGHTS:
Excellent location in the heart of the dining precinct of Brunswick
Turnkey venue ready to go with all permits and licenses in place
Seats 150 patrons inside & outside (rear courtyard)
Currently trades 5 nights Wednesday - Sunday
Fully Licensed 7 days until 1am Mon Sat & 11pm Sun
Rent: $6,083.25+ GST a month including a 2-bedroom residence (upstairs)
All equipment fully owned and included in the sale
Excellent commercial kitchen with large grease trap and plenty of storage
The perfect owner/operator business
Huge potential to build a rooftop beer garden (STCA & STLA)
Please note no trial is being offered - WIWO buyers only

The Moldy Fig opened its doors in 2017 in a very popular venue, taking over the famous old Pickwood Lodge site. The building has a huge amount of character and is a large and versatile space with five separate dining areas including rear courtyard that has been meticulously renovated, with no expense spared on the fitout. This unique and vibrant space is perfect for any occasion, fully licensed until 1am Monday through to Saturday and until 11pm on Sundays and can cater up to 150 patrons, so it's very popular for private functions and events. The venue also has a fully equipped commercial kitchen plus good-sized prep area and plenty of storage, which is ideal for any buyer looking to expand the function side of the business.

The restaurant is currently open 5 nights a week serving authentic Cajun Creole soul food, delicious cocktails and live music; however, it is still in its infancy stage and has huge growth potential with the right owner/operator. One of the real upsides to this business is to use the large, licensed space to its full capacity. There is high demand and scope to convert the space to a wine & tapas bar or to promote the functions side of the business further. There is also a great opportunity to build a rooftop beer garden subject to council and landlord approval, also to utilise the laneway as an additional outdoor licensed area, which has been done in the past and was a huge success with the locals. Come and check it out for yourself. You will be impressed!

Call Karli 0409 965 540 to inspect

Business Highlights

Business ID2019082726
Floor AreaAsk Business Broker
Category
Last updated  8 May 2024
Map for 120-122 Lygon Street Brunswick East VIC 3057
Map for 120-122 Lygon Street Brunswick East VIC 3057120-122 Lygon Street Brunswick East VIC 3057
Inspections
Documents

Business Highlights

Business ID2019082726
Floor AreaAsk Business Broker
Category
Last updated  8 May 2024

Listed by

Karli Dunham
Karli Dunham
Just Business Brokers Melbourne
Call
0409965540

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