Bars/Nightclubs for Sale in Prahran, VIC

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Bars/Nightclubs

PRAHRAN, VIC

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Established Bar & Functions | Only 2 Days | Proven Profits

Established Bar & Functions | Only 2 Days | Proven Profits

St Kilda, VIC, 3182

Leisure/entertainment · Bars/nightclubs

$389,000 + SAV

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.**Please note that for confidentiality the image in this advert is generic and is not of the actual business**Lease Details5 Year lease (Til 2031) and seeking a further option of 5 years for suitable operator(s)Premises DetailsThe 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.Liquor LicenceOn-Premises Liquor Licence until 3am for 267 patronsStaff Details6 Staff - Venue manager, Duty manager & Bar staffOpening HoursFridays & Saturdays 2pm to 1am...

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Cabinet Bar - After 18 successful years, the current owners are looking to sell due to relocation.

Cabinet Bar - After 18 successful years, the current owners are looking to sell due to relocation.

Rainbow Alley, Melbourne, VIC, 3000

Leisure/entertainment · Bars/nightclubs

Leasehold $150,000

Tucked away down Rainbow Alley beside Melbourne Town Hall lies the discreet entrance to Cabinet Bar. This intimate laneway venue captures the feel of a softly lit Parisian nightspot and offers the perfect setting for after-work drinks, a pre-show dinner, or a relaxed Sunday session.Ascend the stairs to discover a mid-city oasis perched above the buzz of Swanston Street. The main room combines old-world charm with French-inspired dcor plush banquette seating, baroque furnishings, and warm, ambient lighting. The inviting balcony "crow's nest" overlooks Swanston Street, giving patrons the rare chance to unwind above the city's nightlife while still soaking in its energy. At the rear of the venue are a small commercial kitchen and restrooms, ensuring seamless service.Cabinet Bar holds an On-Premises Liquor Licence until 1am and is approved for a capacity of 90 patrons. The lease has three years remaining, with the landlord open to adding extra terms for the incoming operator. Rent is $2,900 per week gross, including outgoings (landlord insurance, council rates) and the council lease fee for use of the balcony airspace above Swanston Street.All fixtures and fittings are included in the sale, and no supplier or equipment contracts are being transferred, offering a clean handover for the new owner.After 18 successful years, the current owners are looking to sell due to relocation. The venue is consistently profitable, with strong trade from office workers and excellent turnover during major city events, particularly the Melbourne International Comedy Festival. Full financials are available. Cabinet Bar represents an exceptional opportunity for an experienced hospitality professional seeking to acquire an established, high-performing CBD venue with a loyal clientele, prime location, and timeless appeal. The vendors are looking for offers in the regions of $150,000 for this exclusively listed charming CBD venue.

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Bars/Nightclubs for Sale in Prahran, VIC

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