Torquay VIC 3228

DESCRIPTION

Phone enquiries - please quote property ID 30465.

A community staple for generations, Bird Rock is an iconic venue that is freshly renovated and we have re-established it as a go-to spot in the local community for family gatherings, and nights out and now licensed for music and is working towards becoming a reputable and respected local music spot. Boasting an outstanding reputation, loyal customer base and recently renovated premises it is situated in an ideal location, with unmatched offerings and solid foundations for significant growth.

Established for over 30 years, the venue is nestled in the heart of Jan Juc, close to the beach. This community hub is a restaurant and cocktail bar offering a delicious menu of Southeast Asian-style cuisine, an extensive cocktail list and many great local beers, wines and spirits as well as fantastic customer service, live music and a relaxed atmosphere. All within spacious, stunning premises with indoor and outdoor dining.

As one of the few 1 am liquor licensed venues in town, the venue has also recently acquired its live music license and is freshly renovated, with new electrical, lighting, in-house sound system, refrigeration equipment and an around fresh new look. There is also a 2BR fully furnished attached apartment, which is currently leased for extra income but has the potential to be a beautiful beachside residence for the owner, and staff or as an AirBnB for increased earning potential.

The business requires minimal owner involvement (predominantly business strategy, marketing and admin tasks), with a loyal team (both FOH and BOH) and reliable management (1 main manager). Buyers can expect a smooth transition, with staff, suppliers, customer base and more already set up.

With strong systems in place, the business is currently highly profitable but has immense potential for growth. Opportunities for additional revenue include breakfast/lunch service, live music events, takeaway, delivery, and increasing dinner service from 5 to 7 days as well as utilising the late-night liquor license on your Thursday, Friday and Saturday Nights for exponential growth potential.

Key features:
- Prime location in the heart of Jan Juc
- Well established - 30+ years. An iconic, local institution
- Popular restaurant and bar - Southeast Asian cuisine
- Highly desirable offerings - quality food, drinks and customer service
- Easy to run, set systems and solid foundations, operating Under Management
- Additional rental income with upstairs accommodation
- Strong organic growth and clear avenues for expansion
- Loyal customer base and strong community support
- One of the only licensed late-night music (11 pm) & liquor (1 am) venues
- Fantastic, stylish premises - recently renovated. Indoor and alfresco dining
- Vendor happy to provide ongoing assistance/guidance as agreed

The venue is well-equipped and will include all well-maintained and mostly new refrigeration, a fully equipped bar, an ice machine, brand new in-house sound system. We will have a full equipment list prepared for serious buyers, everything required in the operation of the venue will be included in the purchase. Stock and selected decor items (eg Surfboards and Band Posters) will not be included in the purchase, this is to be negotiated separately.

5-year lease term in place, until 2026, with 3 x 5 option

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