Geelong’s Pan-Asian Restaurant Bar

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Geelong’s Pan-Asian Restaurant Bar

Independent Business Geelong 3220, VIC $249,000
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Are you looking for an Asian infused bar and restaurant? On offer is a modern bar and dining experience with a private wine cellar; doubling as an event and function space the Geelong CBD restaurant is located in a rapidly-growing CBD area.

The restaurant caters to a lunch and dinner service with some menu items available all day. Saturday and Sundays are open from 12 midday for food, served right through until 9:00 pm. The bar stays open late for their famous cocktails, live DJ’s, and post-dinner wines.

The restaurant has three spaces for dining including two smaller private rooms used for functions. The private wine cellar hired for intimate dining experiences and tastings, or you can utilise the entire venue and take advantage of skilled cocktail staff at the main bar accommodating 200 plus standing guests.

The business key features are:

• Five-star venue.
• Passing foot traffic.
• CBD location.
• Running under management.
• Multiple revenue streams.
• 9,000 followers and strong social media marketing.
• A strong point of difference.

Why is this business successful?

Comfortable seating and chic furnishings creates a desire for diners to come to eat, drink, and indulge in the Asian inspired cuisines. passers-by can’t help but be inquisitive and customers become regulars after their first visit – even if it is just for one last drink.

The bar and eatery are ideal for the CBD market offering the surrounding office workers from the recently completed Worksafe building a place for after-work drinks, lunches, catch-ups and functions. There is never a shortage of patrons as visitors quickly identify it’s a place they want to be for a nice dinner or drink. The bar now opens at 7:00 am Monday to Friday for early morning coffee.

The business is established and operating with two chefs, three full-time staff, a part-time kitchen hand, a part-time front of house, and the support of 14 casual team members on call. This set up makes for a smooth hand over – you can look at operating the business in an overseeing capacity or step in and manage the restaurant.

Multiple revenue streams are driving sales with the versatile bar and restaurant design offering dine-in experiences, private functions, wine tasting, cocktail classes, parties, weddings, receptions and a late-night bar with DJ’s and the best cocktails in Geelong. The food and drinks are at affordable prices.

Social media marketing is a strong point with a combined 9,000 followers on Facebook and Instagram, great for organic marketing and promotions. There is a modern website with online bookings and a subscription to the OpenTable app where 27 million users are actively looking for dining experiences. Visitors to Geelong often find their way to the bar for a drink and degustation of the beautiful food.

A strong point of difference is the Asian influenced food, modern decor, bar with cocktails and wine cellar leaving no competitor in the broader Geelong area. The restaurant is one of a kind and has a history of regular clientele.

If you are looking for a modern restaurant at a heavily reduced price, situated in a prime location backed by additional office development set for the Geelong CBD, then enquire now.

Complete your online enquiry for a confidential discussion with the lead broker and receive a comprehensive Business Profile and Market Review.

Price: $249,000 + SAV | Under Offer

Finn Business Sales
Geelong and South West Victoria
Office: (03) 5259 9970

Broker: Alan Wood | Mob: 0400 792 811 | alan.wood@finnbusinesssales.com.au | visit us at geelong.thefinngroup.com.au