The Watering Hole Tavern is now offered for sale and is an excellent opportunity to take on the freehold and business of a fantastic pub. Located in the middle of Monbulk with little to no competition it really is the go to place for all the locals in the area, as the closest other pub is quite a drive away. And judging by the facebook and google reviews the locals prefer the local!!
As you would expect there is a large car park and outside covered seating along the front veranda of the venue. Then heading inside the lounge area with its large log fire on the left and dining room on the right. The latter with a warming Coonara at the end of the room. A corridor leads off this room to the toilets. At the rear of the main room is the bar with a large range of tap beers to cater for all tastes. To the left a small area with a pool table and then a door that leads to the beer garden. So in Winter it is the warm cosy fires inside, then Summer the beer garden for the ideal place for dinner or to spend a lazy afternoon. Off the bar is a large commercial kitchen with a built in wood fired domed pizza oven. Another hit with the locals. Behind and also underneath the kitchen are storage rooms with plenty of space and a laundry to support a busy operation
The venue has a Restaurant and Cafe Licence until 1am seven days a week, with an excellent capacity of 200. All fixtures and fittings are included in the sale and there are no supplier or equipment contracts in place, except for the pool table that is a hand shake agreement.
The Watering Hole Tavern has had a complete make over in the last few years and is in excellent condition and the business is doing very well. The overheads are very low compared to the venues closer to the city on top of a good income, excellent profit and a fun team of staff on site that wish to remain. There is still room to grow the venue and the owners only wishing to sell as they need to spend more time with their children as they feel they cannot do both.
The vendors are looking for offers of $1,100,000 for the freehold and $350,000 for the business which can also be sold without the freehold. There are a full set of financials showing an annual net profit of over $200,000 a year meaning that in just over seven years you will be mortgage free which is an excellent return on investment.
The size of Monbulk is approximately 20.3 square kilometres. It has 12 parks covering nearly 6.2% of total area. The population of Monbulk in 2016 was 3577 people. By 2021 the population was 3651 showing a population growth of 2.1% in the area during that time. The predominant age group in Monbulk is 40-49 years. Households in Monbulk are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Monbulk work in a trades occupation.In 2021, 82.20% of the homes in Monbulk were owner-occupied compared with 79.40% in 2016.
Monbulk has 1,650 properties. Over the last 5 years, Houses in Monbulk have seen a 13.05% increase in median value, while Units have seen a 34.60% increase. As at 31 March 2026:
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