About the Business

Located on Chapel Street, Jungle Boy presents a great opportunity to acquire two distinct bar experiences operating within the one venue. At the front of the premises is Tully's Bar, a welcoming street-facing space featuring footpath trading, large bi-fold windows that open directly onto Chapel Street, and bar seating along the window to capture passing trade. Behind this sits a fully equipped service bar that creates a lively and inviting atmosphere.

Hidden behind an old fridge door is the second venue, Jungle Boy, a cocktail bar that feels like a completely different world. The cocktail bar is centrally positioned and visible from most areas of the venue, with a variety of seating options suited to couples and small groups. The décor delivers exactly what the name suggests, with lush greenery, wooden masks and feature pieces creating a distinctive jungle-themed setting that has proven popular. In recent years the current vendor has invested significant time and capital upgrading both bars, leaving the venue in excellent condition and ready for immediate operation. At the rear of the premises there is a small courtyard with retractable roof along with the customer amenities. In addition, the vendor rents a separate storage space behind the venue from the landlord, housing the ice machine, bar support equipment and additional stock storage.

Jungle Boy operates under an On-Premises Licence until 1am with a capacity of 52 patrons. The lease has 10 years remaining (2 + 5 + 3) with favourable rent of $1,065 per week including GST, which is considered very competitive for a Chapel Street hospitality venue. All fixtures and fittings are included in the sale and there are no equipment leases or supplier contracts to be transferred, allowing for a smooth and straightforward transition to new ownership.

The hidden bar concept has proven extremely popular, offering customers a memorable "speakeasy-style" experience that continues to generate repeat trade and word-of-mouth attention. The venue has developed a strong reputation as a destination cocktail bar, benefiting from its unique dual-venue layout which allows for varied customer experiences within the same space. Situated in one of Melbourne's best known nightlife precincts, the venue benefits from consistent foot traffic, strong evening trade and excellent visibility. Jungle Boy is currently run fully under management, providing a modest passive income. However, the business is ideally suited to an owner-operator who could further optimise staffing, trading hours or introduce private functions and themed events to maximise profitability. The vendor is reluctantly selling due to ill health after investing considerable effort into developing and upgrading the venue. The incoming operator will take over a well-established Chapel Street destination with a unique concept, excellent reputation and minimal setup required. A full set of financials are available with the vendor seeking offers in the region of $150,000 for this exclusively listed opportunity.