Summary
Established SpudBAR on South Melbourne’s prime dining precinct Clarendon St. Refurbed to brand standards, no immediate capex required. Strong sales momentum with clear owner-operator upside. $75k.
Location Details
246 Clarendon Street, South Melbourne. VIC 3205
Located on Clarendon Street, South Melbourne, one of Melbourne’s most established and fast-growing dining precincts, with strong foot traffic and a dense mix of QSR, offices and co-working spaces.
About the Opportunity
SpudBAR South Melbourne is a long-established store within the SpudBAR network, trading from a prominent ground-floor position on Clarendon Street - one of Melbourne’s most established and fast-growing dining strips.
The store has operated as a SpudBAR since 2013 and has a proven trading history, having previously achieved weekly sales of approximately $12,000 under hands-on owner-operator management.
In February 2025, the store underwent a full refurbishment and is now fully aligned with current SpudBAR brand standards. The store is modern, clean, and ready to trade, with no immediate capital expenditure required.
Since reopening, sales have increased approximately 35% year-on-year. Guest sentiment is improving strongly, reflected in a Google rating increase from 3.6 to 4.1 over the past three months, based on more than 300 reviews. The business has been operated under an interim model focused on rebuilding foundations rather than long-term in-store ownership.
This creates a genuine owner-operator opportunity, with additional upside available through local area marketing and catering, supported by the high concentration of offices and co-working spaces in the surrounding trade area. With hands-on leadership and team engagement, the business is well positioned to return to its historical performance levels.
The lease runs through to May 2028, with a further 5-year option available, providing security and flexibility for an incoming owner.
Year Business Established
2013
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