This is a rare opportunity to acquire a liquor primary pub/restaurant in a great high-traffic location in one of Victoria's fastest-growing communities.
The business has been in operation for just over a decade and is run by an absentee owner with full management staff in place.
The business has the highly sought-after liquor primary license which allows the business to operate as a bar which gives the operators flexibility in how they operate.
Despite being a liquor primary, the pub has a massive and fully vented commercial kitchen space capable of handling the 200-seat restaurant with ease while providing ample prep space for catering opportunities.
The recent approval of a University Campus, just a few minutes walk from the Pub will bring a brand new young demographic to the already busy area and continue to push sales to new highs.
The pub is fully turn-key and only requires a re-branding to be operational.
The price of the business is less than half the cost of the build-out in today’s market and offers a great opportunity for an operator to acquire a great pub location with a proven track record of sales.
This ability to acquire this business with its liquor primary license and fully turn key build-out provides a savvy operator with a great opportunity to establish themselves in an already proven location.
With build-out costs reaching all-time highs and the extreme amount of time required for licensing of a liquor primary license, this opportunity truly represents great value in today's market that will the next operator to be operational and profitable immediately.
Address
CLS victoria St
List Price
$495,000
Property Type
Commercial Sale
Type of Dwelling
Business
Area
Langford
Sub-Area
La Goldstream
MLS® Number
975071
Listing Brokerage
Pemberton Holmes - Cloverdale
Postal Code
V1V 1V1
Tax Amount
$1.00
Tax Year
2024
