Bars For Sale in Prahran Melbourne VIC

This is more than just a bar; it's a Melbourne nightlife institution. For 10 plus years, this venue has been a cornerstone of the city's late night scene, renowned for its vibrant atmosphere, consistent trade, and high margin drinks focus. With no reliance on coffee or daytime trade, the business thrives purely as a bar - delivering strong profitability, streamlined operations, and a model perfectly suited to an experienced operator or savvy investor.

Currently operating under full management, this venue offers both an attractive hands off investment and the potential for even greater profitability under an owner operator. Located in one of Melbourne's busiest hospitality strips, the venue benefits from constant foot traffic, a strong surrounding mix of operators, and a large, dedicated following of loyal patrons who return week after week. A brand new 10 year lease provides the security and stability needed for long-term growth.

Why This Opportunity Stands Out?
- Iconic Melbourne nightlife venue with proven performance.
- Alcohol only model - streamlined operations & strong margins.
- Under full management - turnkey investment or growth opportunity.
- Large, dedicated following of regular patrons.
- Prime location in a high traffic entertainment precinct.
- Stylish, well maintained fit out and equipment included.
- Brand new 10 year lease securing future stability.
- Upside through events, late night promotions, and targeted marketing.
- Best Bar Winner 3 Years Running

Whether you're looking to secure a flagship bar or acquire a reliable, high return hospitality business, this is a rare Melbourne opportunity not to be missed.

**Please note that for confidentiality the image in this advert is generic and is not of the actual business**

Staff No
5 staff

Lease Info
1.5 year then new 10 year lease

Trading Times
Wednesday & Thursday 6pm to 1am
Friday 4pm to 1am
Saturday 2pm to 1am
Sunday 2 to 11pm

Premises Details
The venue is positioned in one of Melbourne's most sought after hospitality strips, surrounded by complementary operators that keep the area buzzing well into the night. Designed with nightlife in mind, the fit out creates a vibrant, welcoming space that flows seamlessly from front of house to back of house.

- Lease: Brand-new 10 year lease, providing long term stability.
- Size: Spacious internal layout, optimised for bar operations and patron comfort.
- Fit out: Contemporary design with stylish finishes, premium lighting, and a high quality sound system that sets the atmosphere.
- Equipment: Fully equipped bar with all assets included in the sale, well maintained and ready for immediate takeover.
- Licence: Liquor licence with extended late night trading hours.
- Management: Currently operating under full management, making it a turnkey investment or lifestyle opportunity.
- Patron Base: A large and loyal following of regular patrons, ensuring consistent weekly trade.
- Best Bar Winner 3 Years Running
- Late night licence - one of the oldest licences in Victoria

Opportunity
This venue is already a proven nightlife destination, but there is significant upside for an ambitious operator:
- Owner Operator Upside - A hands-on operator could further improve margins and profitability.
- Events & Functions - Expand revenue through private events, themed nights, and corporate bookings.
- Entertainment Activation - Live music, DJs, or performance based nights to further drive foot traffic.
- Marketing & Promotions - Strengthen brand presence with digital marketing campaigns, social media activations, and loyalty programs to grow the patron base.
- Extended Trading - Capitalise further on the liquor licence by running late-night activations or extending weekend hours.
- Menu Development - Introduce premium cocktail lists, local collaborations, or limited release offerings to attract new clientele.
- Multi Site Operators - Leverage this venue as a flagship or portfo...