Summary
Fully fitted licensed bar, restaurant & shisha venue in prime Prahran. Commercial kitchen, entertainment setup and strong potential for functions, events and nightlife.
Location Details
173 high st
Prime Prahran location, moments from Chapel Street and surrounded by Melbourne’s popular nightlife and hospitality precinct. Fully fitted bar, restaurant and shisha lounge with indoor and outdoor areas, commercial kitchen and entertainment facilities
Potential
Excellent opportunity to acquire a fully fitted licensed bar, restaurant and shisha lounge in Prahran. Multiple revenue streams including drinks, dining, shisha, private functions, celebrations, karaoke and events. Strong potential to grow through extended trading, functions, promotions, delivery, entertainment nights and increased marketing.
Skills
General hospitality, customer service and staff management experience would be beneficial. Existing setup allows a new owner to continue operations while introducing their own concept, menu, events and marketing strategy.
Hours
Wed–Thu 5pm–11pm; Fri 4pm–3am; Sat 3pm–3am; Sun 3pm–10pm. Closed Mon–Tue.
Lease
Lease is till 2031, and can be extandable
Employees
Existing hospitality team supporting bar, floor and venue operations. Staffing structure can be adjusted by the incoming owner depending on their preferred operating model and trading hours. Further staffing details available to genuine buyers.
Reason for Sale
Owner is focusing on other business commitments and is looking for the right operator to take over this established hospitality venue. The business is being offered as a genuine opportunity for a new owner to continue the existing concept or introduce their own vision.
About the Business
An exciting opportunity to acquire a fully fitted licensed bar, restaurant and shisha lounge in the heart of Prahran, close to the Chapel Street entertainment and nightlife precinct.
The venue offers multiple income streams under one roof, including bar sales, cocktails, food, premium shisha, private functions, celebrations, karaoke, entertainment and special events.
KEY FEATURES:
• Fully fitted bar and lounge
• Licensed hospitality venue
• Established shisha setup
• Commercial kitchen
• Indoor and outdoor areas
• DJ and entertainment setup
• Karaoke capability
• Suitable for birthdays, functions and private events
• Existing furniture, fixtures and equipment
• Established online and social media presence
• Located in a major Melbourne hospitality and nightlife precinct
• Opportunity for an owner-operator or hospitality group
• Scope to introduce a new brand or concept
The venue provides a new owner with significant flexibility. Continue operating the existing bar, restaurant and shisha concept, expand the entertainment and function offering, or reposition the premises with a new hospitality concept.
There is further potential to grow revenue through additional trading days, private functions, corporate events, themed nights, entertainment, delivery, partnerships and stronger digital marketing.
A substantial amount of the infrastructure required to operate a hospitality venue is already in place, allowing an incoming operator to avoid much of the time and expense associated with establishing a venue from an empty premises.
Further information regarding the business, lease, equipment, operations and financials can be provided to genuine buyers upon enquiry.
Serious enquiries only.
History
Established hospitality venue in Prahran operating as a bar, restaurant and shisha lounge. The venue has developed a versatile offering incorporating dining, cocktails, shisha, karaoke, functions and entertainment, with an established digital presence and existing operational setup.
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