Sold business 3462918
Business NO.:
3462918
Status:
Active
Price:
$1,250,000
Updated on:
30/04/2026

Premium Hospitality & Events Venue – High-Growth Function Trade

Restaurant | Business for Sale | Victoria

An exceptional opportunity to acquire a large-scale, fully managed hospitality and events venue positioned in a prime inner-city location.

This established business operates from an expansive, high-quality premises with capacity for up to 300 patrons across multiple versatile spaces, allowing seamless integration of restaurant service alongside private and corporate events.

A standout feature of this opportunity is its strong and rapidly growing function and events division, which continues to outperform expectations.
The business has secured substantial forward bookings exceeding $500,000 within a six-month period, supported by consistent enquiry volumes and a well-executed marketing strategy.
This high-margin revenue stream provides both stability and significant scalability, reducing reliance on traditional restaurant trade.

The venue is fully licensed with a large-capacity on-premise liquor licence and late-night trading approval, making it highly attractive for corporate functions, weddings, brand activations and exclusive events.

Operating entirely under management, the business benefits from an experienced team across all areas, ensuring smooth day-to-day operations and minimal owner involvement.
Significant capital investment has been made into the fit-out and infrastructure, allowing an incoming purchaser to step into a true turnkey operation with no further capital required.

Strategically located in a high-demand inner-city precinct with strong surrounding residential, commercial and institutional catchments, the business enjoys consistent foot traffic, repeat clientele and ongoing event demand.

With clear growth opportunities and an already thriving events pipeline, this opportunity is ideally suited to experienced operators or hospitality groups seeking a scalable, premium asset.

Inspections are highly recommended to fully appreciate the scale and quality of this offering.

For further information, please contact:
Grita Angelucci

For more details, please email broker or call agents.


Suite 24, 135 Cardigan Street, Carlton, VIC 3053