325 Lygon Street, Brunswick East, Victoria
Uncle Joe's Wine Bar
Leasehold $90,000
Business Description
Uncle Joe's is a vibrant and inviting neighbourhood bar perfectly positioned on bustling Lygon Street in Brunswick East. With its warm, relaxed atmosphere and visually engaging fit-out, the venue offers the ideal setting for locals and visitors to unwind, socialise, and enjoy the very best of the area's nightlife.
The interior is thoughtfully designed, featuring a mix of booth seating, bar stools, and intimate nooks that create a natural gathering place for patrons who appreciate great music and good conversation. Large windows provide excellent people-watching opportunities, while larger groups can retreat to the rear of the venue, where a spacious U-shaped booth and communal table await. At the back, a covered courtyard offers a relaxed open-air atmosphere perfect for warm summer evenings. Beyond this is additional storage space and a walk-in cool room, ensuring the venue is well equipped for an efficient operation.
Uncle Joe's holds an On-Premises licence until 1am with a comfortable capacity of 50. The business benefits from an affordable rent of just $816 per week (including GST) and a long 16-year lease of (1+5+5+5), providing excellent stability for the incoming operator. All fixtures and fittings are included in the sale, with no equipment finance or supplier contracts to transfer-making this a straightforward and highly attractive opportunity.
Currently run under management due to the vendor's young family commitments, Uncle Joe's is primed for a hands-on owner-operator who can maximise its potential. Full financials are available, demonstrating the capacity for a strong owner's wage. With its good local reputation, appealing fit-out, and enviable location, this is an excellent opportunity for someone to take on their own venue. The vendor is inviting offers in the region of $90,000 Price Reduction for this exclusively listed, fully equipped venue.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - MelbourneKey Investment Insights
1. Prime location on bustling Lygon Street in Brunswick East, positioned for strong local foot traffic and nightlife appeal.
2. On‑premises licence to 1am, capacity 50, suitable for evening trade and intimate social gatherings.
3. Affordable rent of $816 per week including GST, supporting favourable operating margins.
4. Long 16‑year lease structure (1+5+5+5), providing tenancy stability for an incoming operator.
5. Fully equipped sale, all fixtures and fittings included, with no equipment finance or supplier contracts to transfer, simplifying the acquisition.
6. Currently run under management, presenting upside for a hands‑on owner-operator to increase profitability.
7. Full financials available, indicating capacity to deliver a strong owner’s wage.
8. Visually engaging fit‑out with mixed booth seating, bar stools and intimate nooks, creating a warm, relaxed atmosphere.
9. Covered rear courtyard plus a spacious U‑shaped booth and communal table, offering flexible indoor and outdoor seating for groups.
10. Back‑of-house advantages include additional storage and a walk‑in cool room, supporting efficient service and stock management.
11. Good local reputation, enhancing repeat patronage potential and community presence.
12. Vendor inviting offers circa $90,000 with a recent price reduction, signalling motivated sale and potential bargain entry.
