About the Business

$165,000 WIWO - Priced for a Quick Sale

Achiever Business Brokers is pleased to present this well-established restaurant and bar located in one of Melbourne's most sought-after hospitality precincts.

Positioned within walking distance of Luna Park and alongside one of Melbourne's busiest theatres, the business has been operating successfully for more than 20 years and has built a loyal customer base of locals, tourists and theatre patrons. On performance nights, the restaurant regularly operates at full capacity, with the neighbouring theatre actively promoting the venue to its audiences.

Recently renovated and beautifully presented, this is a genuine walk-in, walk-out opportunity requiring no further investment.

The current owner is selling to pursue other business interests and is seeking a quick settlement, making this an excellent opportunity to secure an established hospitality business at an attractive price.

Business Highlights:

- Prime St Kilda location

- Walking distance to Luna Park

- Located beside one of Melbourne's busiest theatres

- Theatre referrals generate consistent pre-show and post-show trade

- Seating for more than 65 patrons

- Recently renovated modern fit-out

- Fully equipped commercial kitchen

- Dedicated pizza oven

- Modern bar with beer taps

- Fully licensed venue

- Footpath trading permit

- Trading 6 days per week

- Fully staffed operation

- Weekly rent of approximately $1,615 (including GST)

- Long lease with 5 years remaining plus two further 5-year options

- All plant and equipment is owned and in excellent working condition

- Serving modern Italian and Mexican cuisine

Why This Business Stands Out

Hospitality businesses in this location rarely become available at this price point.

The combination of a well-established trading history, strong local reputation, theatre-generated customer traffic, secure lease and low occupancy costs provides an excellent foundation for a new owner.

The business is fully operational, meaning a purchaser can take over immediately without the cost and time involved in setting up a new venue.

There is also further opportunity to grow the business by:

- Reintroducing Uber Eats and other delivery platforms

- Increasing private functions and group bookings

- Expanding catering services

- Extending trading hours

- Building further on the existing relationship with the neighbouring theatre

Reason for Sale

The owner is selling to pursue other business interests and is motivated t