UNDER OFFER - A Boutique Bottle Shop and Wine Bar - Rascal - 1P5525 170
You'll find Rascal right in the middle of the entertainment strip on Sydney Road. The place has undergone a complete transformation since its old life as a hotel. The venue is just stunning inside. Rascal is a boutique bottle shop with a bar and dining providing everything needed for a great night out as mentioned by the multiple excellent reviews.
There is foot path trading outside for twelve which is under cover and heated, perfect for the Melbourne weather. Inside it is a mixture of cosy booths, tables for couples and larger groups. The open plan bar is on the right and surrounding you are walls and fridges of every imaginable tipple. It is very well designed and the products very well showcased. The toilets continue the very fine decor and are not your average pub dunny at all. Heading out to the rear of the venue is a large well equipped commercial kitchen , split in two. One side for the prep and cooking, the other for cleaning and storage. Outside the rear of the venue is the main building underground car park with three car spots for the venue, a large bin area and a storage room. Upstairs there is a large open plan office with plenty of storage space as well.
Rascal has a General Liquor licence with a capacity of 86 until 11pm. On transfer a new lease will be issued with rent at $1700 a week including GST. Initially two three year terms are offered but another three terms can be negotiated if required. All fixtures and fittings are included in the sale and there are no equipment or supplier contracts.
Rascal is run under management at the moment but really suits an owner operator. The four partners wish to focus on other projects hence the sale. The venue has a great location, loyal following, lovely fit out and multiple revenue streams. It is being sold on a walk in walk out basis with no financials for $95,000. You will not be able to do such a fit out close to this amount so this exclusively listed venue is an incredible opportunity.
- Address: 341 Sydney Road
- Area: VIC - Melbourne
- City: Brunswick
- Country: Australia
- Zipcode: 3056