Internal Ref: B14906
Summary
This beautifully presented British-Indian gastropub offers a rare opportunity to secure a fully managed hospitality venue in the heart of Melbourne’s cultural precinct.
Revenue
$780,000 pa
Rent
$220,000 pa
Location Details
Located just a short walk from the Princess Theatre and Parliament House in the heart of Melbourne’s cultural precinct.
Skills
Easy to run- runs entirely under management.
Hours
5 Days: Wednesday - Sunday 3pm-11pm. Closed Monday & Tuesday
Lease
5x5 commenced 1 July 2024
Employees
The business has a strong team in place across both the kitchen and front of house.
About the Business
Impressive Gastropub in Melbourne’s Theatre Precinct – Fully Managed with High Weekly Takings
**Must Sell- All Offers Welcome**
Located just a short walk from the Princess Theatre and Parliament House, this beautifully presented British-Indian gastropub offers a rare opportunity to secure a fully managed hospitality venue in the heart of Melbourne’s cultural precinct.
With weekly takings of approximately $15,000 and annual rent of $220,000 + GST, the business operates five nights a week for dinner only, leaving significant room to grow by introducing lunch service and weekend trade. The theatre matinee crowds alone present an immediate opportunity to capture a steady daytime clientele.
The venue boasts a large, full commercial kitchen with walk-in cool rooms, ample prep space, and a striking, well-appointed bar that creates a warm and inviting atmosphere. Seating is generous, with capacity for both intimate dinners and larger group gatherings. The flexible floor plan also lends itself to hosting private events, functions, and corporate bookings.
Run entirely under management, the business has a strong team in place across both the kitchen and front of house. It’s ideally suited to investors looking for a hands-off opportunity or experienced operators seeking a flagship CBD location with a solid foundation and huge potential for expansion.
With a new 5x5 lease that commenced 1 July 2024 and a prime laneway location in Melbourne’s theatre district, this is an impressive offering in one of the city’s most sought-after hospitality pockets.
Contact Elle Likopoulos and the team at Absolute Business Brokers on 0481 608 460 or [email protected] for more information.
Ref:B14906
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