Established Restaurant & Bar - Two-level Venue | $14k Weekly

An exceptional opportunity to acquire a character-filled vintage hotel-style restaurant and bar in the heart of Preston. Offering multiple income streams and excellent flexibility, this well-established venue is perfectly suited to experienced operators or those looking to introduce their own hospitality concept. Currently trading five days per week and generating approximately $14,000 in weekly takings, the business is fully equipped for seamless day-to-day operations, with an established function trade and regular event nights already in place.

More than just an existing business, this is a versatile hospitality venue with enormous potential. Continue operating as a successful restaurant and bar or transform the space into a contemporary dining destination, pizza bar, entertainment venue, function hub, or a unique hybrid concept. With two spacious levels, generous patron capacity and low operating costs, the venue provides a solid foundation with significant scope for future growth.

Key Highlights:

* Approximately $14,000 in weekly takings (currently trading five days per week)

* Distinctive vintage hotel-style restaurant and bar with plenty of charm and character

* Two spacious levels, allowing separate dining, bar, entertainment or function areas

* Established function business with repeat bookings

* 150-person liquor licence

* Seating for approximately 160 patrons

* Woodfired pizza kitchen already in operation

* Proven success hosting comedy nights and other community events

* Strong local following with a loyal customer base

* Efficient business model with low staffing requirements

* Five beer taps and a dedicated beer room

* Additional shop included with the premises, suitable for a bottle shop, takeaway or complementary retail business

* Fully equipped, turnkey operation ready for immediate takeover

* Comprehensive handover and training provided for a smooth transition

Growth Potential:

* Increase turnover by extending trading from five days to six or seven days per week

* Introduce a breakfast offering to meet strong demand from the local community

* Expand the functions and events calendar with live music, trivia, corporate functions and private celebrations

* Utilise the additional shop as a bottle shop, takeaway outlet or specialty retail space to create an additional revenue stream

Price is negotiable. Contact us today for further information or to arrange a confidential inspection.

Agent: Mande Nikolic
Mobile: XXXXXXXXXX
Email: XXXXXXXXXX

Disclaimer:
Please note that some details about the business for sale are confidential. Disclosure of such information is subject to the completion of a Confidentiality Agreement and at the discretion of the broker. Images are for advertising purposes only and may not reflect the actual business. The displayed suburb may differ from the actual location.