328 Bridge Road, Richmond, Victoria
Collection Bar
Leasehold $95,000
Business Description
The Collection Bar offers casual elegance and intimate comfort, making it a go-to destination for signature cocktails, first dates, friendly catch-ups, and regular comedy nights. With its inviting atmosphere and creative events, the venue attracts a diverse and loyal clientele.
Seating for 12 is available outdoors on Bridge Road, while inside, exposed brick and rich curtains create a cosy retreat in winter. The rear courtyard provides a peaceful escape from the bustle, while the high-shelf bar, comfortable seating, and warm design complete the experience. A small commercial kitchen (currently sublet to a food partner) sits at the rear of the venue, and upstairs an old apartment has been transformed into storage and an intimate comedy theatre.
The Collection Bar has and On Premises Liquor licence until 1am with a capacity of 70. There are six years left on the lease with rent coming in at $1580 a week including GST. All fixtures and fitting are included in the sale with no equipment or supplier contracts being transferred.
This venue is ideal for a hospitality professional ready to take the next step and make their mark. With strong foundations in place and multiple revenue streams to explore, there is significant scope to revitalise and grow the business. The vendor has not been able to spend time on the venue so it is under management. The Collection Bar is being sold on a walk in walk out basis with no books and the vendor is seeking offers in the region of $95,000 for this exciting Bridge Road opportunity.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - MelbourneKey Investment Insights
1. Established bar with casual elegant fit-out, exposed brick, rich curtains and warm design, creating a cosy year-round atmosphere.
2. Licensed capacity of 70 with an On Premises Liquor licence until 1am, supporting late-night trading.
3. Prime Bridge Road location with 12 outdoor seats, offering street visibility and footpath trade potential.
4. Six years remaining on the lease, rent $1,580 per week including GST, providing medium-term tenure certainty.
5. Walk-in walk-out sale, all fixtures and fittings included, simplifying ownership transfer.
6. No equipment or supplier contracts are transferred, buyer must source or negotiate new supply and equipment arrangements.
7. Small commercial kitchen currently sublet to a food partner, presenting immediate food revenue without operator capital outlay.
8. Upstairs former apartment converted to storage and an intimate comedy theatre, creating a unique events revenue stream.
9. Venue currently under management because the vendor has not had time to operate, explaining absence of trading books.
10. Vendor seeking offers around $95,000, indicating a leasehold price point with potential upside.
11. Multiple clear growth opportunities exist, including re-establishing direct management, expanding food offering, and programming events to increase revenue.
12. Ideal acquisition for a hospitality professional seeking a creative, neighbourhood-focused venue with established loyal clientele and scope to revitalise.
