LIMEBURNERS BAR WELL ESTABLISHED READY FOR EXPANSION

$395,000

Geelong VIC 3220

Food/Hospitality

BUSINESS FOR SALE

    • Franchise No
Phone enquiries - please quote property ID 27983.

Limeburners is the only bar and late-night licensed establishment in Geelong’s 3219 postcode area. It has captured the market and now offers massive potential for experienced operators who wish to either follow the expansion of the current owner’s dream, create their own, or have a combination of the two.

Established now for only 5 years, Limeburners has certainly ‘fired up’ the nightlife adding an extra element to the social life in Geelong with excellent patronage from the local community as well as staff from nearby hospitals. It is well and truly entrenched with social media (Facebook, Instagram, etc with a strong following).

The design and fit-out are very impressive. It exudes passion with a harmonious blend of copper, reclaimed timber, and the use of the colour black. Has excellent mood lighting, a modern commercial kitchen, and excellent overall decor. No expense was spared. The premises are leased with a secured lease with reasonable rent.

Currently, the business only trades from Wednesday to Saturday from 5 pm, averaging about 20 hours per week. An obvious and instant means to increase business and profits is to open earlier plus offer additional nights, alongside the reintroduction of lunches, especially on Friday, Saturday, and Sunday. ‘Sunday Sesh’ with live music, was very popular and could be re-introduced.

With limited hours the business is profitable and now with new permits and plans for expansion ability, the new owner can take this sound business to a whole new level. New permits and plans include:

* General license
* 115% increase in capacity
* Later trading hours Friday and Saturday evenings
* Rear north facing beer garden of 280 sqm
* Front alfresco works including posts, planters with vegetation, and fixed benches

There is also an opportunity to expand into the remainder of the rear yard and adjoining building. Plans and permits are included in the sale.

INCLUSIONS:
All fixtures, fittings, equipment, branding, website, social media platforms, etc are all included in the advertised price. The full list can be provided.
Any stock at hand will be sold at a valuation.

Selling only for personal reasons, this is a regrettable sale as the owners had a very long-term plan and vision.

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