Iconic Restaurant & Bar for Sale – Historic Charm Meets Untapped Potential!
Here’s your chance to own one of the city’s most iconic dining destinations – a thriving restaurant and bar with character, history, and serious upside. Housed in a beautifully restored heritage building, this beloved venue effortlessly combines timeless charm with modern style and function. It’s more than a restaurant – it’s a local institution ready for its next chapter.
*Why This Venue Stands Out:
*Expansive, Flexible Floorplan – Endless Possibilities
Spanning approx. 400 sqm, the space is designed for success:
Full commercial kitchen
Ample storage
Several beautifully styled dining areas
Main dining room seating up to 200 guests
Private function space for 100 people
Vibrant laneway and generous outdoor areas perfect for pop-ups, live music, or weekend brunches
*Blue-Chip Inner-City Location
Centrally located in a buzzing retail precinct, surrounded by offices, residential apartments, and government hubs – ensuring heavy foot traffic, day and night. This is prime positioning for both weekday professionals and weekend revelers.
*Proven Revenue Streams
Currently smashing it with:
A crowd-pleasing pub-style menu
8 icy-cold beer taps
Popular weekly events: game nights, live music, private bookings
Strong trade from functions, walk-ins, and regulars
*Huge Growth Potential
The groundwork is laid – now take it to the next level:
Bring back the successful breakfast service (Friday to Sunday)
Tap into corporate catering, weddings, and private events
Extend trading hours or introduce new offerings like craft cocktails, tasting nights, or DJ sets
Strong Financials + Low Overheads
Weekly turnover exceeding $15,000
COGS under 30%
Rent approx. 10% of revenue
Solar panels recently installed for long-term cost savings
*Who Should Snap This Up?
This is the perfect platform for a seasoned operator ready to scale, or an energetic entrepreneur with fresh ideas. The setup is done. The reputation is strong. The potential? Massive.
Opportunities like this don’t come around often. A stunning venue, rich in soul and story, with the location, layout, and local love to go even bigger.
*Enquire now to schedule a private inspection and unlock the full potential of this iconic space.
Lease Details
7.5 years – expiry 30/09/2032
Premises Details
400 sqm approx, bathrooms, full kitchen, outdoor dinning area and laneway.
Large Bar, back bar and functions space.
Seats 200 people
Staff Details
8 staff – 4 fulltime – 4 casual
Opening Hours
Mon – closed
Tues – Thurs: 2pm – 9pm
Friday: 11am – 10pm
Saturday: 11am – 10pm
Sunday: 11am – 8:30pm
Opportunity
Extend the trading hours and offer Breakfast, the venue used to do Breakfast from Friday Sunday which was very successful.
Push for more functions as it simple has a great space for them!
**Weekly**
Sales $16,000 NET
Rent $1,642
Wages $6,908
Net Profit $1,407 Owner operator $2,907
