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Positioned right in the heart of St Kilda's vibrant hospitality precinct, just off the iconic Acland Street junction, Corean Chook & Chips presents an outstanding opportunity for an owner-operator looking to secure a well-equipped hospitality venue in a high-profile location without the substantial cost of establishing a business from scratch. And yes, the name is deliberate! Corean is an alternative historical spelling of Korean.
The venue's standout feature is its generous outdoor trading area, extending beyond the footpath into a substantial covered parklet. This provides valuable additional seating and creates an inviting atmosphere, particularly during the warmer months when outdoor dining comes into its own. Inside, the focus is firmly on functionality. While there is a small internal seating area, the real asset is the fully equipped commercial kitchen which is exceptionally clean, tidy and well maintained. reflecting the care and commitment of the family who have operated the business. Behind the kitchen is a dedicated wash-up area and single toilet, while the rear section accommodates a walk-in cool room, grease trap and generous storage space.
The venue has Restaurant and Cafe licence until 1am with a capacity of 36. There are just over three years left on the lease with the landlord will to either add extra terms or provide a new lease. Rent comes in $1000 a week including GST. There are no suppliers contracts being transferred. All fixtures and fittings are induced in the sale. Some equipment is with Silverchef and that will be paid out on transfer.
The real opportunity here is flexibility. An incoming operator is not necessarily tied to the existing Korean chicken concept. With such a versatile kitchen, the premises could accommodate a wide variety of cuisines and hospitality offerings. This represents an opportunity to acquire a quality commercial kitchen, established trading location and substantial existing infrastructure at a fraction of what a comparable new fit-out could cost. Situated on Blessington Street, the business benefits from the area's strong pedestrian activity, established hospitality trade and the constant energy that makes St Kilda such a popular destination. The vendors have invested considerable time and effort into the business and are now returning to Korea for family reasons. The business is offered on a making it particularly attractive to buyers walk-in, walk-out basis, without financials. The vendors are seeking offers in the region of $75,000, this exclusively listed opportunity which represents an affordable entry into one of Melbourne's best-known hospitality precincts.
