Established Bar & Functions | Only 2 Days | Proven Profits

$389,000 plus SAV

Description

Established in 2010, the business has been successfully operating from its current premises for approximately 16 years, building a strong reputation as a destination bar and private function venue within one of Melbourne’s premier entertainment precincts.

This is an exceptional opportunity to acquire a highly profitable and well-established licensed hospitality business generating approximately $695,000 in annual turnover (including GST) while operating only two days per week. The business has developed a loyal customer base and an outstanding reputation for both general bar trade and private functions, supported by quality plant and equipment, established operating systems and a professionally presented venue.

The current operating model has been intentionally structured around limited trading days, creating significant untapped potential for an incoming owner. Expanding trading days, extending operating hours or further developing the already successful functions and events business presents clear opportunities to increase both revenue and profitability.

Occupying approximately 371 sqm, the venue features a quality fit-out, fully equipped bar facilities and versatile function spaces, making it suitable for a variety of hospitality concepts. With proven financial performance, strong gross margins and established operational systems, the business offers a genuine turnkey opportunity with a smooth transition to new ownership.

Opportunities of this nature are rarely offered to the market. Combining immediate cash flow, proven profitability and substantial growth potential, this business will appeal to experienced hospitality operators, owner-operators, venue groups and investors seeking an established licensed venue with significant upside.

Liquor Licence:
On-Premises Liquor Licence until 3am for 267 patrons

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

Staff No

6 Staff - Venue manager, Duty manager & Bar staff

Lease Info

5 Year lease (Til 2031) and seeking a further option of 5 years for suitable operator(s)

Trading Times

Fridays & Saturdays 2pm to 1am

Size of Premises

The business operates from a substantial approximately 371 sqm licensed hospitality venue positioned within one of Melbourne's most recognised entertainment precincts. The premises have been purposefully designed to accommodate both general bar trade and private functions, providing a versatile layout that caters to a broad range of customer experiences. The venue features a quality fit-out with a fully equipped main bar, multiple function and entertainment areas, outdoor entertaining space, ample seating, dedicated storage areas and supporting back-of-house facilities. The flexible floor plan allows the business to seamlessly accommodate casual patrons, private functions, corporate events and exclusive venue hire. Presented in excellent condition, the premises offer an incoming purchaser a genuine turnkey operation with quality plant and equipment already in place. The existing fit-out and operational infrastructure minimise the need for additional capital expenditure while providing the flexibility to further expand trading and increase venue utilisation. The current lease extends to 2031, with annual fixed rent reviews of 4%, providing a solid level of tenure for an incoming purchaser. The lease also benefits from no relocation, demolition or termination provisions, offering additional security and confidence for future business operations. Occupying a prominent position within a vibrant hospitality precinct surrounded by restaurants, bars and entertainment venues, the location enjoys strong pedestrian activity and continues to attract both local patrons and visitors throughout the year. The combination of a quality venue, established infrastructure and flexible event spaces positions the business for continued success and future growth.

Opportunity

The greatest opportunity lies in the business’s current trading model. Operating just two days per week, the business already generates approximately $695,000 in annual turnover (including GST) and delivers strong profitability. This provides an incoming owner with an exceptional platform to unlock significant additional revenue without the need for substantial capital investment. There is clear potential to: Expand trading to additional weekdays and weekends. Increase utilisation of the venue outside its current operating schedule. Further develop the already successful private functions and events business. Introduce live entertainment, themed events or ticketed experiences. Increase food and beverage sales through extended trading hours. Leverage the venue’s established reputation and loyal customer base to drive repeat patronage. Few hospitality businesses offer proven earnings while leaving so much untapped trading capacity. The current business has demonstrated what can be achieved on just two trading days, providing an incoming owner with multiple avenues to accelerate revenue and profitability.

Reference No: ND08SG82

Business Listed by

Nathan Demellis

Hospitality Business Broker @ GSE Hospitality Brokers

I help hospitality business owners buy, sell cafés, restaurants, bars and hotels with practical advice built on more than two decades of real industry experience.

As a licensed hospitality business broker in Melbourne, I work exclusively with hospitality owners, operators and investors who are looking to buy, sell, value or strategically exit their businesses. Every recommendation is based on firsthand operational experience—not theory.

Before becoming a broker, I spent more than 25 years owning, operating and managing hospitality venues across Victoria. Having worked as a fine dining chef before building and selling multiple businesses myself, I understand the commercial realities of hospitality—the long hours, tight margins, staffing challenges, lease negotiations and ultimately, what makes a business genuinely valuable to the market.

Today, I combine that operational knowledge with specialist brokerage expertise to help owners maximise the value of their businesses while guiding buyers through informed acquisition decisions. Whether it’s a confidential off-market sale, a business valuation, an exit strategy or a full sale campaign, my focus is always on achieving the strongest commercial outcome for my clients.

I don’t approach hospitality from the outside looking in. I’ve built businesses, invested my own money, employed teams, negotiated leases and successfully exited venues. That experience shapes every appraisal, every marketing campaign and every negotiation.

If you’re looking for a Melbourne hospitality business broker who understands the industry because he’s lived it, I’d welcome a confidential conversation about your business and your goals.

One on One: Work directly with me from appraisal to settlement.

My services

Hospitality Business Sales
Buyer Advocacy & Acquisitions
Business Valuations
Exit Strategy & Sale Preparation
Off-Market Opportunities

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I understand and agree to the GSE Confidentiality Agreement and Marketing Policy*
The Prospective Buyer of the Business agrees to be bound by this deed as follows: All information of a confidential nature disclosed to the Prospective Buyer (including to Agents, legal & other advisors) may not be disclosed to any other party prior to, during a subsequent to the entering into by the Prospective Buyer of a contract.

All records of the Business, financial, intellectual or otherwise are confidential and must remain so. This deed does not prevent any party from making a disclosure required by the law and does not include information normally in the public domain.

The Prospective Buyer acknowledges information supplied by GSE Business Consultants: Is provided by and on behalf of the Business Owner. Is not guaranteed by GSE Business Consultants and it shall be the responsibility of the Prospective Buyer to do whatever is reasonably necessary at its own expense to verify such information GSE Business Consultants are not acting as an investment or financial advisor.

The Prospective Buyer confirms GSE Business Consultants, having supplied the material requested by the Prospective Buyer does so as agent only and as such bears no responsibility for the accuracy thereof or any errors contained therein and the Prospective Buyer will not hold GSE Business Consultants liable for any loss or damage sustained with respect to reliance on such information.

The prospective buyer hereby agrees not to approach the landlord, property managing agent, any staff member or the business owner either directly or indirectly. When visiting the venue as a customer this must be done with absolute discretion.. Furthermore, the prospective buyer agrees not to discuss the sale of the business with anyone without first disclosing that person’s contact information to GSE.

All information and material provided under this deed will be returned, destroyed or otherwise dealt with in accordance with the Business Owner’s instructions if no contract is entered into. All contact with the business owner must be organised through GSE unless the business owner is advertising through The Six Steps to Sale Program offered by GSE.

The prospective buyer hereby accepts that their contact information may be shared with the seller of any business on which an inquiry has been made. GSE will not share the contact information of the prospective buyer with anyone outside of GSE with the exception of the business owner as referred to above.
In addition to accepting the terms outlined above, please be aware that by agreeing to the GSE Confidentiality Agreement, you also consent to receive marketing communications from GSE related to similar business opportunities. Your contact information may be shared with the seller of any business in which you express interest, as well as with GSE for the purpose of facilitating such transactions. Rest assured that GSE will not share your contact information with any third parties outside of our organization, except as mentioned above in relation to the business owner. Thank you for your understanding and cooperation in this matter.

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For Sale

Melbourne VIC