Summary
A prime restaurant and bar has come to market, offering a rare multi-revenue business under one roof: all-day dining, a function room agreement in place, and a room service agreement with the hotel.
Location Details
Room service agreement with the hotel: delivering reliable, low-effort income by supplying meals directly to 147 hotel rooms, 22 apartments, and 2 levels of offices.
Potential
An experienced hospitality operator looking to take on an established, fully managed multi-revenue venue with genuine
upside in the functions space and room service, or an investor after a fully managed asset in a prime location with room
to grow.
Lease
Expires 05/02/2031 plus 2 x 5-year option to 2041
About the Business
A prime restaurant and bar in Fortitude Valley has come to market, offering a rare multi-revenue business under one
roof: all-day dining, a function room agreement in place, and a room service agreement with the hotel. With a capable,
fully managed team already in place, this is an opportunity to step into an established venue with real scope to grow
through events and functions.
Price: $550,000 plus SAV
● Rare three-income-stream model: restaurant, room service and function rooms
● Prime, high-visibility location in Fortitude Valley
● Long, secure lease to 2031, plus 2 x 5-year options
● Fully managed by a capable team
● Room service agreement with the hotel: delivering reliable, low-effort income by supplying meals directly to
147 hotel rooms, 22 apartments, and 2 levels of offices.
● Function room agreement with the hotel: three rooms upstairs with a private balcony, ideal for conferences,
weddings and functions, with regular referrals from the hotel.
● Additional licensed trade through the hotel lobby
● Quality kitchen and bar fit-out worth in excess of $1,500,000 already in place
Located within a 4-star hotel with 147 rooms, 2 levels of offices and 22 apartments, this restaurant and bar format venue trades from 6.30 am through to 10.30 pm, capturing breakfast, lunch, dinner and late bar trade.
Alongside the core restaurant, the business holds a room service agreement and a function room agreement with the hotel, giving it three genuine income streams rather than relying on a single trading period. Upstairs, three private event rooms with their own balcony are regularly booked for corporate functions, weddings and private events, and the hotel regularly refers its
own function and event enquiries to the venue.
An experienced hospitality operator looking to take on an established, fully managed multi-revenue venue with genuine
upside in the functions space and room service, or an investor after a fully managed asset in a prime location with room
to grow.
Approx. 390sqm indoor, with 3 upstairs event rooms and balcony | bar, dine-in, events, room service | Lease to 2031 (2
x 5-year options)
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