About the Business

Business ID: XB163015

Minimal Owner Involvement – Profit $150K, Fully Licensed, Turnkey Operation

Located in North Melbourne’s emerging Arden precinct, The Third Day is a fully licensed, 700-capacity event venue with a unique industrial fit-out, late-night liquor license, and strong brand presence. Generating over $1M in turnover and $150K net profit annually, the business operates with minimal owner involvement—just 4–5 hours per week overseeing finances.

This turnkey venue is ideal for weddings, corporate events, and large-scale functions, with strong demand and no direct competition nearby. Huge potential exists to expand trading, launch public events, or subdivide the 700sqm premises to create multiple income streams.

Business Highlights:

- Distinctive industrial aesthetic within a historic 1920s warehouse

- Over $1 million turnover and $150K net profit in the last financial year

- Licensed for up to 700 guests across multiple versatile event spaces

- Late-Night Liquor License – 1am (Mon–Thurs) and 3am (Fri–Sat)

- Minimal Owner Involvement – Owner works only 4–5 hours per week overseeing finances

- Premier Event Space – Hosts live music, comedy, conferences, weddings, parties, expos, product launches, and cultural events

- Trusted by global brands including YouTube, Google, Adidas, and Samsung

- Expertly Run Events – Tech and production supported by industry-leading professionals

- Sleek website, Google AdWords campaigns, and active social media engagement

- No Direct Competition – Dominant venue offering in the local area

- Huge Growth Potential – Opportunity to open 7 days a week or expand to public-facing events

With the owner relocating overseas, The Third Day is currently under-utilised and presents significant upside for a motivated buyer.

This opportunity is ideal for an events company, hospitality group, or entrepreneurial individual looking to take over a fully licensed, high-capacity venue with a strong brand and minimal owner involvement. Whether you’re a corporate event specialist, live entertainment promoter, or looking to build your own signature event brand, this business offers the scale, flexibility, and foundation to grow.

PRICE: $350,000 + SAV