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Geelong's Pan-Asian Restaurant Bar

Business for Sale
Geelong VIC

Are you looking for a five-star Asian infused Restaurant and Bar? On offer with 67% ROI is Geelong's modern drinking and dining experience with a private wine cellar; doubling as an event and function

Price $249,000

Geelong's Pan-Asian Restaurant Bar

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Are you looking for a five-star Asian infused Restaurant and Bar? On offer with 67% ROI is Geelong's modern drinking and dining experience with a private wine cellar; doubling as an event and functions space.

This city favourite comes with a strong social media presence and regular returning clientele from the local surrounds and as far as Melbourne. The restaurant caters to a lunch and dinner service with some menu items available all day. Saturday and Sundays are open from 12 midday for food, served right through until 9:00 pm. The bar stays open late for their famous cocktails, live DJ’s, and post-dinner wines.

The restaurant has three spaces for dining including two smaller private rooms used for functions. The private wine cellar is hired for intimate dining experiences and tastings, or you can utilise the entire venue and take advantage of skilled cocktail staff at the main bar accommodating 200 plus standing guests.

The key business features are:

• Five-star venue.
• Passing foot traffic.
• CBD location.
• Running under management.
• Multiple revenue streams.
• Social media marketing.
• A strong point of difference.

Why is this business so successful?

The comfortable seating and chic furnishings create a desire for diners to come to indulge in the Asian inspired cuisines. The passerby can’t help but be inquisitive and customers become regulars after their first visit. The bar and eatery are ideal for the CBD market offering the surrounding office workers from the recently completed Worksafe building a place for after work drinks, lunches, catch ups and functions. There is never a shortage of patrons as visitors to the CBD quickly identify it's a place they want to be. The bar now opens at 7:00 am Monday to Friday for the early morning coffee.

The business is established and operating with two chefs, three full-time staff, a part-time kitchen hand, a part-time front of house and the support of 14 casual team members on call. This set up makes for a smooth hand over; you can look at operating the business in an overseeing capacity or step in and manage the restaurant. Multiple revenue streams are driving sales with the versatile bar and restaurant design offering dine-in experiences, private functions, wine tasting, cocktail classes, parties, weddings, receptions, and a late-night bar with DJ’s and the best cocktails in Geelong. The food and drinks are at affordable prices.

Social media is a strong point with a combined 9,000 followers on Facebook and Instagram, great for organic marketing and promotions. There is a modern website with online bookings and a subscription to the OpenTable app where 27 million users are actively looking for dining experiences. Visitors to Geelong often find their way to the bar for a drink and degustation of the beautiful food. The point of difference is the Asian influenced food, modern decor, bar with cocktails and wine cellar leaving no competitor in the broader Geelong area. The restaurant is truly one of a kind and has a history of regular clientele.

If you are looking for a modern restaurant situated and bar/events space in a prime location backed by additional office development set for the Geelong CBD, then enquire now.

Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.

Price: $249,000 + SAV | Further Price Drop

Finn Business Sales
Geelong and South West Victoria
Office: (03) 5259 9970

Broker: Alan Wood | Mob: 0400 792 811 | alan.wood@finnbusinesssales.com.au | visit us at geelong.thefinngroup.com.au

Contact Seller

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View Broker Profile

Contact: Alan Wood
Phone: 03 52599970
Mobile: 0400 792 811

Bsale ID: 233989
Agent ID: 5005391




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