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Food, Beverage & Hospitality business for sale in West Footscray

  • Food, Beverage & Hospitality
  • 540 Barkly Street West Footscray VIC 3012
  • $200,000 - $250,000 (GST na)

Price Reduced - 540 On Barkly Restaurant, Bar & Functions - West Footscray

PRICE REDUCED $200,000 - $250,000

This popular Restaurant, Bar & Function Room has it all Stunning food, great functions, fantastic atmosphere!

Every inner-city suburb needs its "local", and this iconic bar, restaurant & function venue is West Footscray's favourite 'go to' destination. From its sleek and stylish fit out, to its big function room and modern beer garden, everything about this venue simply oozes with class and quality.

Open 5 nights + 2 lunches a week and located in the heart of bustling West Footscray, this well-known venue has been a local favourite since opening in 2014 and has a great trading history. The venue was renovated when the current vendor took over with upgrades to the fitout with all new modern decor and commercial equipment including expansive kitchen and great prep area. The fit out is simply 1st class, a large open dining area with stunning modern décor including floating floorboards, vogue lighting, custom made furnishings and bar area, plus splashes of colour throughout the space with paintings, framed photos and a stunning turquoise coloured feature wall.

This fabulous light filled space is perfect for any occasion, fully licensed until 11pm and can cater for up to 200 patrons over two levels, so it's also very popular for private functions and events. The separate private function room is huge, complete with city views and is fully equipped with a comprehensive audio-visual system including a TV screen for slide shows and presentations, full music facilities, along with its own fully equipped private bar, private bathroom facilities, two private balconies and lounge area plus the venue has a spacious beer garden for all patrons to enjoy. The business is currently run as owner/operator and has built up a fantastic reputation in the West for its quality food, excellent functions, and great customer service, making it one of the best and most loved hospitality venues in area.

The business is well positioned on a prominent corner location on busy Barkly Street with maximum exposure and surrounded by great supporting businesses with plenty of free parking available for customers surrounding the building. The business still has plenty of upside as it's only trading 5 nights + 2 lunches a week, so plenty of room for a buyer to increase trading hours if desired. All systems and procedures are in place which is ideal for an easy hand over for the buyer coming into the busy function period ahead. With the potential to put your own stamp on this already thriving business, be quick to inspect as this is a rare opportunity to buy this popular venue at a great price. Call Marc 0412 359 907 today to inspect!

BUSINESS HIGHLIGHTS:
Annual sales of $700,000+
Net profit of $150,000
Secure long lease in place until 2038
Currently open 5 nights + 2 lunches
Seats up to 200 patrons inside + spacious beer garden
Licensed until 12am Fri and Sat and 11am Sun - Thurs
Fully equipped separate function room upstairs
High profile corner location with maximum street exposure
Excellent kitchen and A grade installations and equipment including coolroom & grease trap
Ideal demographics - very popular venue within the inner west community
Fantastic reputation and great online reviews
Experienced staff and all written systems and procedures in place to ensure a smooth handover
Well established brand for 9 years still with plenty of opportunity for growth

Call Marc 0412 359 907

Business Highlights

Business ID2018406990
Floor AreaAsk Business Broker
Category
Last updated  31 Oct 2023
Map for 540 Barkly Street West Footscray VIC 3012
Map for 540 Barkly Street West Footscray VIC 3012540 Barkly Street West Footscray VIC 3012

Business Highlights

Business ID2018406990
Floor AreaAsk Business Broker
Category
Last updated  31 Oct 2023

Listed by

Marc Di Genova
Marc Di Genova
Just Business Brokers Melbourne
Call
0412 359 907

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