About the Business

Rare opportunity to acquire one of Melbourne’s most recognised hospitality names, together with an established hostel accommodation business in the heart of St Kilda.

Established in 1956, Leo’s Spaghetti Bar is a true Melbourne institution with almost 70 years of trading history, strong brand recognition and a prominent Fitzroy Street position.

Located in one of Melbourne’s busiest tourism and entertainment precincts, just approx. 6km from the CBD, the business benefits from strong exposure to locals, tourists, backpackers, eventgoers and international visitors.

Key Features:

Iconic Melbourne hospitality brand established in 1956
Licensed restaurant and bar plus operational hostel accommodation
234-seat venue with late-night trading approval until 3:00am
Prime Fitzroy Street, St Kilda location
Accommodation income generated via major online travel platforms
Competitive long-term lease at approx. $9,870 per month + GST
Multiple income streams from food, beverage, late-night trade and room bookings
Significant upside through marketing, events, tourism partnerships, menu refresh and accommodation yield improvement

This is a genuine turnkey opportunity with immediate trading cash flow and strong potential for growth. The combination of a heritage brand, large licensed venue, accommodation income and prime St Kilda location makes this a rare multi-income hospitality asset.

Ideally suited to experienced hospitality operators, accommodation providers, investors, hospitality groups or entrepreneurs looking to revive and scale an iconic Melbourne brand.

Inspection and further details are available to qualified buyers.

For a confidential discussion or to request the Information Memorandum, please contact:

Grita Angelucci