MELBOURNE LISTINGS > THREE MONKEYS

THREE MONKEYS

Just up from the junction with High Street and Chapel Street you’ll find Three Monkeys.  A tidy little venue that has a constant back ground of relaxed reggae music drifting throughout. The vendors have been there for seven years making them one of the longest in residence in the area. In that time they have built up a profitable, comfortable business that is now successful enough to be run under management. 

 

There is the usual footpath trading on Chapel Street but this is out shone with the long covered courtyard at the rear of the venue that is a great place to be all year round. Heading in side there is a small but efficient bar set up which often has the DJ tucked in on the side of it. The walls are painted with large murals and the seating scattered to give a comfortable feel to the venue. Behind the bar there is fully fitted commercial kitchen but the vendors have chosen not to use it for the past few years, concentrating on drinks and cocktails. You then head out to the courtyard at the rear.  Upstairs as is usual with these converted houses there are rooms that can be used as they are at the moment as an office and storage or adapted back to be an apartment. 

 

Three Monkeys has an on premises licence until 1am with a capacity of 92. There are nine years left on the lease made up of 4+5 with rent being $1650 a week including GST.  There is an extensive fixture and fitting list with no equipment lease agreements or supplier contracts.

 

Three Monkeys is looking for an owner operator that wants to take over a successful hospitality business.  There is plenty of scope to use the team on board so that you can either work just on the business or if you wish get fully immersed working in the venue. Three Monkeys also has the opportunity to expand into the food side of things with the reinstatement of the kitchen whilst still maintaining its core business.  There are a good set of books that justify the asking price of $125,000 (Price Reduction) for this exclusively listed venue.