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BAR & FUNCTION VENUE  – IVANHOE

Upper Heidelberg Road 3079
OFFERS INVITED

Description

Every popular suburb needs its landmark venue, and this iconic bar, restaurant & function venue is Ivanhoe’s premier ‘go to’ destination.

From its sleek and stylish design, narrow high-ceilings & warm finishes, to its big white tables and tub chairs, everything about this function venue oozes class and quality.

This venue opened in Ivanhoe in 2007 in the heart of the Upper Heidelberg Road shopping precinct and has been a local icon ever since. With seating inside and outside and a liquor license to service up to 160 patrons this venue is set up to cater for private functions and large group bookings. It also has a mezzanine level for back of house amenities.

The venue boasts the area’s premier private function space over 600sqm in size. Located on the ground floor with easy street access, it caters for all types of functions from christenings, weddings, 21st’s, seminars to business conferences. This space also boasts 2 independent/separate function areas, providing great flexibility and versatility in all areas of entertainment. The private function space is fully equipped with a comprehensive audio visual system including a wide screen plasma, cordless microphone and full music facilities, along with its own private bar & alfresco decking & seating.

This venue is a must inspect for any genuine hospitality buyer looking to purchase a solid covid resistant venue. Call Marc TODAY on 0412 359 907.

BUSINESS HIGHLIGHTS:

  • Historically annual sales over $1million with solid net profit of $300,000
  • Open 5.5 days per week (closed Saturday lunch & Sundays)
  • NO market reviews for the entirety of the lease
  • Only trades 47.5 weeks a year (Closed 4-5 weeks over Christmas/New Year)
  • Unique venue with both restaurant & separate function space with its own fully equipped bar
  • Fully Licenced until 1am – 7 days
  • Seats 90 indoor/outside & function space seats 70 or 160 standing
  • Well established business with a great reputation & a strong local following
  • Huge opportunity to open on Sundays and to further expand the function side of the business
  • Large fully equipped commercial kitchen & fit out – asset value in excess of $300,000
  • Secure 20 years remaining on current lease

PRICE: OPEN TO OFFERS

Call Marc to INSPECT on 0412 359 907

*Due to confidentiality a generic photo has been used in this advertisement
  • Upper Heidelberg Road 3079, Melbourne, Australia
Marc Di Genova
Marc Di Genova
0412 359 907
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