A proven Salamanca Café & Bar | Sales over $450,000
Tricycle Café & Bar is a well-established hospitality business positioned in the heart of Battery Point’s famous Salamanca precinct.
Since opening in 2006 and then have been managed by the current owners since 2019, this business has become a favourite among locals, professionals, tourists, and visitors from around the world.
1) A location that brings customers:
Located in one of Hobart’s busiest hospitality and tourism areas, Tricycle Café & Bar benefits from constant exposure and natural customer flow.
The surrounding area attracts:
*Local residents and professionals
*Art galleries and nearby offices
*Salamanca Market visitors every Saturday
*Cruise ship passengers
*Major events all year-round including Dark Mofo, Festival of Voices, Taste of Summer, etc
2) A strong reputation business with proven performance:
This is not a start-up. Tricycle Cafe and Bar is an established operation with:
*Trading history dating back to 2006
*Sales exceeding $450,000 annually over the last three years
*Strong repeat customer base
*Reliable supplier relationships
*Experienced systems already in place
A new owner can step in and start trading from day 1.
3) More Than a Café:
Tricycle Café & Bar has built multiple income streams. Alongside daily café trade, the business has developed additional revenue through:
*Bar services for Peacock Theatre events
*Private functions & Corporate events
*Cocktail parties & Catering
*Conferences
*Birthday celebrations
*Afternoon teas and gatherings
The venue already has the space and the demand already exists.
4) A Venue Designed for Growth:
Recent improvements have strengthened the venue, including renovations, expanded dining areas, upgraded kitchen functionality, additional storage, and event-ready spaces. The business operates across multiple areas, creating flexibility and opportunity:
*Fully equipped commercial kitchen
*Main dining space within the Peacock Theatre foyer
*Additional private dining area with Kelly’s Steps access
*Outdoor street dining area
*Storage facilities
*Dedicated car space included in the lease
5) Licensed. Established. Ready:
The business holds:
*Food Business Licence with Hobart City Council
*Outdoor Dining Permit with Hobart City Council
*RSA certification
*Liquor service arrangement through Salamanca Arts Centre
Everything is already structured for continued operation.
6) The Next Chapter Is Yours:
Current trading hours (Monday to Saturday, 8:00am to 4:00pm) provide a clear opportunity for a new owner to explore additional revenue streams, including evening trade, events, and catering.
A new owner could increase revenue by:
*Introducing evening trade
*Expanding private functions
*Growing catering opportunities
*Increasing event bookings
*Maximising existing spaces
Tricycle Cafe and Bar is ideal for an owner-operator, hospitality professional, or investor looking for a business that is already working — with the opportunity to make it work even harder.
After years of successfully operating the business, the current owners are offering an opportunity for a new operator to continue the next chapter.
Further information is available upon request, subject to confidentiality.
ALL INTERESTED PARTIES WILL BE REQUIRED TO SIGN A CONFIDENTIALITY AGREEMENT.
