You'll find Primrose & Vine, a stunning neighbourhood Wine Bar and Wine Store, situated in the centre of Essendon on busy Albion St, just a short walk from Windy Hill and a stone's throw from Brunswick.
The highlight of the offering is a recently built Wine Bar described by patrons as cosy, elegant and classy. One of the vendors is an interior decorator, and it shows! Behind the Wine Bar is a well-fitted food prep area. The connected Wine Store redefines the traditional bottle shop, fitted out with sleek black finishings, hardwood floors and ambient lighting. The walls are lined top to bottom with wine racks, stuffed with a huge range of local and international drops, all available to take away or enjoy in the Wine Bar.
During the day there is the traditional drive-thru with an enormous cool room. Throughout the evening and weekends the drive-thru converts to alfresco covered wining and dining. Past the cool room are brand new toilets and a very generous back area for more stock storage. Upstairs is a large office and equipment storage space which has been used as a living space in the past.
Primrose & Vine has a General Licence until 10pm with a capacity of 32. However, a new planning permit has just been obtained increasing the capacity to 42. There is a large amount of wine stock on site and a detailed list of the many physical assets, the latter all included in the sale. No equipment or supplier contracts are being transferred. The vendors have recently negotiated a significant rent reduction embodied in a new long lease of twenty years made up of 5+5+5+5 with rent coming in at $1700 a week including GST.
The whole venue is in excellent condition and all the hard work of creating an exciting offering is done. The vendors wish to take a step back and hand the enterprise to someone who can maintain the momentum. The vendor is offering to remain as a part time employee if required to help out. Primrose & Vine suits an individual, a hospitality couple, or a group that has a passion for wine and food. They can pass on that passion to the regulars and grow the community hub that is this venue. The vendor is looking for offers in the region of $295,000 for the business and will work with any purchaser on either vendors terms or another payment arrangement for the stock. This is an exclusively listed venue.
