Looking over the famous Footscray Market, are the beautiful big windows of Chip’s Loft. Amid the hustle of restaurants on Footscray’s main street, you’ll find Chip’s Loft’s delicately lit and inviting staircase.
As you make your way up, you’ll see the feature timber wall, custom built from recycled floorboards as you arrive to a large main room. Facing the well equipped & well stocked bar are the three handmade seating booths and a fourth which plays home to the DJ. The venue really is in excellent condition and has been well looked after. Past the booths and through the big bi-fold doors is the self-contained alfresco/balcony, with a pocket pool table (which doubles as a communal table), assorted tables and seating and the previously mentioned view of Footscray’s Hopkins St. Not to mention the famous Tom Gerrard ‘faces’ custom made mural. The chesterfield lounge area located next to the bar is perfect for groups. At the other end of the bar, is the coin-operated pool table which is a favourite among patrons and a private function ‘lounge’ room featuring a custom built sliding timber door. Behind the bar are two storage rooms including a wash area, alongside the fully equipped immaculate commercial kitchen and walk-in cool-room.
There are 7 years (2+5) left on the lease and a late night on-premises 2am liquor license with a large capacity of 130. Rent comes in at $1100 a week including GST.. There are no outstanding supplier or equipment contracts in place.
The venue has been run under management since the vendor has been caring for his young family, as well as completing a university degree, hence the sale. This beautiful venue truly is ready to be taken over and is meant to hum. Although the revenue has not been there for a managed operation, it offers a fantastic opportunity for an owner operator that can spend their time on the venue, bringing with them their individual dynamism and marketing skills.
There is a very good set of information for the venue including financials. Chips Loft has a great fit out and licence and for only $125,000 this exclusively listed venue is an excellent opportunity.
This venue is now SOLD.
