Fully Licensed Turnkey Hospitality Venue - Carlton North Vil

About the Business

A rare opportunity is now available to secure a fully licensed, beautifully fitted cafe and restaurant in the heart of the highly sought-after Carlton North Village.

Reluctantly offered for sale due to health reasons, this established hospitality venue is being presented to the market for considerably less than its original set-up cost, creating an outstanding opportunity for an incoming operator to step straight into a near-new, fully equipped premises without the time, expense and uncertainty of starting from scratch.

Positioned on busy Rathdowne Street, the venue enjoys excellent street exposure, strong passing traffic and access to a loyal local customer base. Surrounded by quality cafes, restaurants, specialty retailers and a strong residential catchment, this is an ideal location for an owner-operator, chef or hospitality group seeking a foothold in one of Melbourne's most tightly held inner-north dining precincts.

The business is currently operating as a Lebanese cafe and restaurant six days per week. However, the premises offer exceptional flexibility and could readily suit a wide range of hospitality concepts, including a cafe, brunch venue, modern casual dining restaurant, takeaway operation, wine bar, specialty food offering or neighbourhood eatery.

A major advantage is the near-new fit-out and fully equipped commercial kitchen, completed approximately two years ago. The venue is well presented, practical and ready to trade, allowing a purchaser to commence operations immediately with no significant additional capital expenditure required.

The venue is also fully licensed, adding further flexibility for evening trade, functions, private dining, wine bar concepts or an expanded food and beverage offering.

The current lease commenced in April 2024 and includes three further options of three years each, providing valuable long-term occupancy security for a purchaser looking to establish and grow in this premium Carlton North location.

Marketing to date has largely been driven by word-of-mouth, repeat patronage and strong local community support, leaving clear upside for a motivated operator to grow the business further through social media, improved online visibility, delivery partnerships, catering, private functions and targeted local promotions.

There is also immediate scope to increase revenue by extending trading hours, opening on Mondays, introducing breakfast or all-day dining, activating the venue between lunch and dinner service, and expanding takeaway or delivery channels.

Key Highlights

Fully licensed hospitality venue
Prime Carlton North Village location
Reluctant sale due to health reasons
Offered for considerably less than set-up cost
Prominent Rathdowne Street frontage
Established local customer base
Near-new fit-out completed approximately two years ago
Fully equipped commercial kitchen
Secure lease with further 3 x 3 x 3 year options
Flexible concept suitable for multiple hospitality uses
Currently trading six days per week for lunch and dinner
Genuine turnkey opportunity
No significant capital expenditure required
Ideal for owner-operators or savvy investors
Strong growth potential through extended hours, delivery, catering and functions

Lease Details

Rent: $1,122.10 + GST per week ($4,862.45 plus GST per month)
Current lease term: 3 years, commenced 1 April 2024
Options: 3 further terms of 3 years

Trading Hours - 6 lunches & 5 dinners (Closed Sunday night and all day Monday)

This is a compelling opportunity to acquire a fully licensed, near-new and highly adaptable hospitality venue in one of Melbourne's most desirable inner-north locations, at a price point well below replacement cost.

Inspection is strongly recommended.

For further information, please contact Grita Angelucci.