82-84 Ferguson Street Williamstown VIC 3016
- Hotel, Motel, Pub & Leisure
- 1 m²
- For Sale, Investment $850,000
Peachy Keen - A Very Profitable Container Venue - 1P5247
There is no need to venture to the city for hidden adventures and a cool drinking spot. Williamstown now has its very own Palm Springs inspired laneway container bar.
Heading in off Ferguson Street the venue is tucked in behind the main retail strip. It used to be a car park and now it's a cocktail bar, the shipping container housing the extremely well equipped bar is on the left surrounded by benched seating and sectioned off areas for the after work groups, small functions and the weekend sessions that like to settle in.
Peachy Keen has a kind of Palm Springs vibe nestled in this bay suburb. This unique neighbourhood all weather outdoor venue keeps you warm and dry in the winter and lets you lounge in the sun during summer. Without the management and overheads of a kitchen, the venue has partnerships with local restaurants that deliver pizzas, burgers and tacos direct to the tables.
The venue has an on premises licence till 11pm, 7 days per week with a capacity of 60. The rent is an unbelievably low $535 a week including GST. There are ten years left on the lease made up of 1+3+3+3, with an extensive fixtures and fittings list and no supplier contracts in place.
Peachy Keen is run completely under management and is perfect as a passive investment opportunity. The venue income has dramatically increased since the lockdown was lifted doing an average of $17k a week in beverage sales between Thursday - Sunday. With such low overheads this translates to a huge average of $8,500 a week net profit. Every single sale is recorded on the Square point of sale system which will make things extremely easy for any due diligence. The team running the venue will remain to keep things going which means you will rarely get such an investment return. With that in mind the vendors wish to concentrate on their core businesses and so are looking for offers in the region of $850,000 for this incredibly profitable exclusively listed venue.
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