'The Metz on the Bay' is a multi-functional restaurant, bar and entertainment venue, each week servicing the professional, family and student markets of Hobart.

This broad market appeal is evidenced by an Income in excess of $1.9m per annum (2010FY).

'The Metz' is open 11.30am until late, Monday to Friday, and 8am until late, Saturday and Sunday.

Since June 2006 'The Metz on the Bay' has been owned by two partners, who have overseen the promotion and expansion of the business as an iconic, licensed venue delivering quality food and beverage with friendly service, evidenced in its consistent trading performance and sustainable growth.

The business currently employs 5 full time staff - Manager, Head Chef, Sous Chef and 2 Apprentice Chefs. The balance of staff are employed on a casual basis.

Born out of a pure beverage venue, its expansion into a wide range of quality food options has perfectly incorporated the needs of the changing market; also demonstrating the potential of this business to be adapted to suit the flair of the owner, and opportunities identified within the market at the time.

Use our "USEFUL TOOLS" to link to 'The Metz on the Bay's website to view the breakfeast, lunch and dinner menus, and 'The Metz's online promotion on YouTube. 'The Metz' also has a popular following at Facebook.

Most importantly, the business has proven it can be operated successfully under management, with limited supervision by the owners.

'The Metz on the Bay's loyal patrons include workers and residents of Sandy Bay and neighbouring Battery Point, Dynnyrne, South Hobart, Mt. Nelson, as well as 10,000 students enrolled at the University of Tasmania's Sandy Bay Campus.

The Lease with its second 5 year Option expiring in May 2024 secures this valuable 228 sqm, high profile, indoor/outdoor venue in the Upper Sandy Bay Retail Precinct.

Electronic Point of Sale Hardware and H&L Software, together with a 16 camera CCTV Security System, enhance reporting and operation capabilities.

This long established venue makes for a highly sought after acquisition for either an owner operator entering this tightly held market, or for the business investor looking to secure valuable market share.

'The Metz on the Bay' is offered For Sale by Expressions of Interest closing 4pm Friday 10th June 2011.

Further information, including a comprehensive Information Memorandum, is available by contacting Simon Merchant direct on 0419 595 134 or simon@merchants.net.au.