π₯ Prime Corner Sports Bar on Iconic Lygon Street β Huge Potential π₯
Brunswick East, VIC
Description
Have you ever wanted to own your own sports bar in one of Melbourneβs most high-profile hospitality strips? This is your opportunity. Positioned on a prominent corner of Lygon Street, this modern sports bar is only 10 months old and features a premium, state-of-the-art kitchen fit-out alongside a stylish, fully designed interior. Currently operating under management, itβs perfectly set up for an owner-operator or investor to take it to the next level. π° Business Highlights : Current turnover: $9,000 β $11,000 per week Net profit (under management): ~$1,500 per week Projected owner-operator net profit: $3,000+ per week Trading only 5 days per week β significant room to grow π Key Features : 211 sqm prime corner location with high exposure Licensed outdoor seating area β perfect for street appeal and increased capacity Liquor licence for 106 patrons until 1am, 7 days (extremely rare and valuable) Long lease: 12 years remaining (1.5 + 5 + 5) Rent: $1,160/week + GST + outgoings Includes 4 car spaces Fully fitted, nothing more to spend This venue has been built right, with all the hard work already done. With extended trading days, events, and strong local marketing, there is clear upside for growth. Ideal for : Hands-on owner-operators Hospitality groups expanding their footprint Investors looking for a near-new venue with upside π© Serious enquiries only
Financials
- Asking price
- $110,000
- Net profit
- $75,000
- Revenue
- β
- Profit multiple
- 1.47x
- Revenue multiple
- β
Agent
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