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
0432 579 502
