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High Profit Wine Bar & Bottle Shop In Sought After Area. $689,000 (15951)

$689,000

St Kilda, Victoria

High Profit Wine Bar & Bottle Shop In Sought After Area. $689,000 (15951)

Location, Location, Location!

This well known wine bar and bottle shop is strategically located on a busy main road in one of Melbourne's most desirable shopping and dining precincts. Surrounded by key retail outlets, restaurants, cafes, and public transport options, the business experiences extremely high rates of passing traffic daily and is flooded with tourists during the summer months.

The business' unique arched street frontage and footpath seating provide a great ambiance for customers looking to sit and enjoy a bottle of wine and is one of the reasons it has become increasingly popular with the local community.

Key features of this successful business include:

*Taking $35,000 per week
*Very high profits on liquor sales (between 40-45%)
*4am Liquor licence
*Run under management
*Indoor and outdoor seating
*Prime main road location in a booming, sought after location
*300sqm premises
*Huge potential to increase sales with the introduction of deliveries
*Open 7 days per week
*$2,663 rent per week

For more information please contact Jeremy Gao from LINK, formerly Klemms on the below:
Phone: 0452 606 199
Email: jeremy.gaolinkbusiness.com.au

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Features

Business Snapshot

  • Price: $689,000
  • Net Profit: $3,500
  • Lease Options: 5+5 (commenced 2017)

Business Links / Tools

Last updated: 31st July 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 St Kilda
State
 Victoria
Price
$689,000
Category
  • Alcohol/Liquor
  • Retailer
  • Supermarket

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Agency

LINK, formerly Klemms

LINK, formerly Klemms

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