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Pablo Honey – 1P4060

Leasehold $195,000
G#/68 Acland Street, ,
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36
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Pablo Honey (yes the name comes from the Radiohead album) is a South American inspired tapas bar and restaurant located on bustling Acland Street, in the heart of St Kilda. With its great location and fit out no wonder it has such great reviews.

At the front of the venue is a large footpath trading area that captures the constant amount of foot traffic walking past. This extends out to a huge area on the St Kilda Festival and is one of the easiest places to grab a seat during the year from the many night markets and events held on O’Donnell Gardens opposite. Walking into the venue, you’ll get some appreciation of the origins of the unusual name. A large portrait of Pablo Escobar along with many other local artists works are on the wall, Hand-crafted Sugar-Skulls are a main feature and room dividers featuring hexagonal shapes – reminiscent of honeycomb. There’s plenty of seating options, from sit-down dining to bucket bar stools, but it’s the leather couches that are most sought after. There is a large bar down one side of the venue and this leads in to a good sized, well equipped commercial kitchen. Pablo Honey is in excellent condition.

There are 12 years left on the lease made up of 2+5+5. Rent including GST comes in at just under $3900 a week. Pablo Honey has a restaurant and cafe licence until 1am with the footpath trading till midnight. All fixtures and fittings except for some of the paintings are included in the sale and there are no supplier contracts of lease agreements in place.

As everything has been done with the set up and the venue is trading well it is easy for anyone to come in and just take over the present operation. The three business partners have decided to head off in different directions. So there are no books and this is a walk in walk out sale. So the vendors are only looking for $195,000 for this exclusively listed excellent opportunity. The fit out is worth double that on its own.

Address: G#/68 Acland Street
City:
State:
Post Code: 3182
Country: Australia
Price: Leasehold $195,000

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Leasehold - All Offers Considered

Lloyd Nunn

Business Broker - Bars, Cafes, Restaurants & Clubs - Melbourne CBD and inner suburbs.
0410 329 129
lloyd@crebrokers.com

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