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A real Collingwood local, the Gem Bar & Dining Room has remained true to its Americana aesthetic since opening for business. The wood paneled front bar is a haven for many locals looking to get in from the cold. A brick-walled alley with an old school pinball machine leads to the backroom dining area, perfect for an intimate dinner or for small groups. It's also one of the best bars around just to prop yourself on and there is no TV to be distracted. A sound choice for people wanting to catch up.
There is popular foot path trading down two sides of the venue. The front bar is split in to two areas, the public bar and lounge bar both served from the long curved island in the centre. Both areas are cosily cluttered, with framed pictures of American music legends on the walls, cowboy boots, Elvis LPs, and Mexican wrestling masks. The venue enjoys a vibrant music scene with bands residing in the front bar most weekends. A small dining area towards the rear of the venue adorned with faux deer antlers is tucked away from the hustle and bustle of the front room. At the rear of the venue is a good sized fully fitted commercial kitchen. The kitchen has been sublet and this agreement can be maintained or cancelled when the venue changes hands.This provides a very handy income for the venue. Upstairs the old boarding rooms have been converted into several small dining rooms and function areas including the "Ship" and "Wild West" rooms supported by the Elvis Bar. The old boarding rooms have been converted to offices and storage.
The Gem has a General Licence off premises until 11pm and on premises until 1am. There are twelve years left on the lease all in one term and rent including GST is $2115 a week. There is a detailed fixture and fittings list of items included in the sale.
The venue suits an experienced operator, or the Gem would be a great addition to a hospitality group. There is a full set of books showing consistent revenue and a good profit. The vendor has a young child and and so would like to spend more time with the family and is looking for offers in the region of $400,000 for this classic suburban pub.