Geelong VIC 3220

$395,000.00

LIMEBURNERS BAR WELL ESTABLISHED READY FOR EXPANSION

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 a little over 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 with no expense spared. It exudes passion with a harmonious blend of copper, including a full copper bar top, reclaimed timber, a hanging copper 8 font glycol tap beer system and the use of the colour black. Has excellent mood lighting, a modern commercial kitchen, and excellent overall decor. Also has fully replaced toilets. The premises are leased with a long secured lease with extremely low rent.

Currently, the business only trades from Wednesday to Saturday from 4 pm, averaging about 20 hours per week with live music every second Sunday afternoon (very popular with the East Geelong locals. 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.

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
* Expanded footprint by securing next door which adds 50% more of the total working area, both front, inside and rear licensed area and car parking. License is underway to allow for extra capacity.
* Front alfresco works including posts, planters with vegetation, and fixed benches

The owner has recently secured a further 50% of the total footprint enabling further expansion.
The business is currently under management.

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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