An exceptional opportunity to acquire a large, long-established restaurant and bar located in a prime inner-city hospitality precinct only minutes from Melbourne CBD.
This substantial venue offers strong revenue, large seating capacity, and significant infrastructure, making it ideal for experienced operators or hospitality groups seeking a high-capacity restaurant and function venue.
Business Highlights
Annual Revenue: Approx. $1.33M
Net Profit (PEBITDA): $272,859.50
Seating Capacity: 250+ patrons
Premises Size: Approx. 660 sqm
Price: $490,000 (recently reduced)
Equipment Value: $150,000+
Ground Floor Venue
Spacious restaurant with large dining area and fully licensed bar
Commercial kitchen with multiple preparation areas
Walk-in coolroom and freezer
Infrastructure designed for high-volume service
Upstairs Function Venue (Currently unused for a couple years and offering significant growth potential)
150+ seated or 200+ standing capacity
Existing licensed bar and commercial kitchen
Food lift connecting both kitchen levels
Separate street entrance, amenities and balcony area
Ideal for functions, weddings and private events
Upstairs can be included in the sale at no additional cost
(subject to landlord's approval)
Operations & Lease
Fully staffed operation with manager and experienced team in place
Current owner has retired and is only overseeing operations
Owner is also the landlord, providing potential lease security and flexibility
Asking Price: $490,000
Contact SAM VASLI from Expert Business Brokers
[Phone Number Censored]
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