Internal Ref: 1104
Summary
Established Melbourne late-night venue with a 3am general licence and capacity for up to 500 patrons. Beer garden, bars across two levels, commercial kitchen and sound equipment in place, currently tr
About the Business
3AM GENERAL LICENCE, UP TO 500 PATRONS, BEER GARDEN AND BARS ACROSS TWO LEVELS
BUSINESS HIGHLIGHTS:
- Asking Price: $350,000
- Late Night (General) Liquor Licence, trading until 3am on most days
- Licensed capacity of up to 500 patrons across indoor and outdoor areas
- Currently trading four days per week, leaving room to add more
- Substantial beer garden and deck with awning and retractable screens
- Ground-floor and upstairs bars
- Commercial kitchen, refrigeration and beer dispensing systems in place
- Existing sound, DJ and entertainment equipment
- Scope to grow food, beverage, entertainment, private functions and events
- Potential to reposition as a contemporary pub, late-night bar or functions venue, subject to approvals
- Offered walk in walk out
Late-night licences with this kind of capacity don't come up often. This established Melbourne venue brings together a 3am licence, room for up to 500 people and the bars, kitchen, beer garden and sound already in place.
It currently runs food, drinks, DJs and functions across four days a week, so there's clear room for an experienced operator or hospitality group to sharpen the offering, add trading days or take it in a new direction. Historical trading has involved separate food and bar operators, and the full picture is set out in the Information Memorandum.
BOND INSIGHT:
The value here is in what's already done. The licence, the capacity and the fit-out are the hardest parts of any late-night venue to secure, and they're all in place. That leaves the next owner free to focus on the concept, whether that's a stronger bar program, a better food offering, more trading days or a bigger functions calendar.
CONFIDENTIALITY:
To protect the business, its staff and its customers, the business name, location, full financials and a detailed Confidential Information Memorandum will be provided once a Confidentiality Agreement is signed. Some images in this listing may have been generated or enhanced for illustrative purposes and shouldn't be relied on as an exact representation of the business. Buyers should make their own enquiries and carry out their own due diligence.
This business is co-listed by BOND BUSINESS BROKERS and ASLAN BUSINESS BROKERS. Keen to know more?
Select Request CA / Profile on this listing and we'll be in touch with further information.
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