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FUNCTION VENUE – PRAHRAN

157 Greville Street Prahran 3131
$150,000

Description

Mofo Lounge – The ultimate unique function venue!

Located in the hub of Melbourne’s best nightlife spots Greville Street – Prahran, this venue has forged it’s unbeatable reputation in the entertainment space for almost twenty years. The venue offers two separate and stunning spaces offering packages for a wide range of events including birthdays, hens parties, weddings, engagements, corporate events, product launches, cocktail classes and even kids parties, this venue caters for all occasions.

The decor is sleek and stylish, with a Moroccan inspired edge, spread over 162m2 of prime commercial real estate in the heart of Prahran. With an “on premise” liquor licence until 1am for 149 patrons this venue is set up to cater for both private functions to large group bookings. The versatility of this space, backed by the philosophy of providing its customers the very best and totally unique hospitality experience, has made this venue one of the pioneers across Melbourne’s function and events space.

BUSINESS HIGHLIGHTS:
Unique function space with potential to run as a Bar
Only trades 2 nights a week (Fri & Sat) + private functions
Net profit of $64,000 + vendor wages
Run under management with venue manager happy to stay on post settlement if required
Licensed for 149 patrons (35 patrons ground floor & 114 patrons on level 1)
On Premise liquor license until 1am – 7 days
Secure forward bookings in place
Most food supplied by external caterer + small kitchen downstairs to heat & serve food across both bars
Easy to operate venue with high profit margin
Great location on Greville Street in the heart of Prahran
All equipment owned outright and included in the sale
Secure long lease until 2031 with good rental
Lettable area: 162m2 approx.

To inspect call Marc 0412 359 907

  • 157 Greville Street Prahran 3131 3181, Melbourne, Australia
Marc Di Genova
Marc Di Genova
0412 359 907
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