Businesses for Sale

Buy your next business via bsale
My Account: Sign In

Deluxe Bar And Lounge - 1p4889

Business for Sale
Deluxe Bar and Lounge
Moonee Ponds VIC

Deluxe Bar and Lounge offers a premium bar, dining and club experience in the heart of Moonee Ponds.

Price $395,000

Deluxe Bar and Lounge - 1P4889

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
The decor provides patrons with a wonderfully different vibe in each space, with ornate d├ęcor throughout the venue, which boasts 5 bars, 2 large main dance floors, exclusive lounge spaces, VIP areas, and the crowning glory, the open-air rooftop beer garden, the latter with a large retractable roof. The venue is an institution in the area and the go to place throughout the Spring Racing Carnival and for the after parties from the Moonee Valley Racecourse which is only 300m from the venue. For those in the know there is another entrance to bypass the crowds. The Rooftop can also be accessed on its own and has the potential to run independently as a separate business without opening downstairs at all.

A large commercial kitchen mainly caters for the Rooftop bar 10 hours a week and for the many large functions throughout the year, especially December. With an established clientele of corporate clients who host their large annual Xmas parties, there is a great base on which to build upon and exploit the opportunity to scale up the function side of the business, which is highly profitable. The Rooftop also has a takeaway food licence with an underutilised large commercial kitchen which could tap into the high growth Uber-Eats & other online food delivery market.

The venue hosts weekly nightclub nights, special events, live music and is extremely versatile with multiple spaces that can host different events and functions on the same night. During the Covid 19 restrictions the venue did extremely well as it was able to use its large capacity and multiple rooms to host consistent events even with social distancing in place.

The venue has a seven day late night on premises licence until 3am with a large capacity of 375. There are 18 years left on the lease made up of 3+5+5+5 and the rent for such a large venue is $2871 a week including GST. The landlord has given a 100% waiver in rent throughout the whole period that the Covid 19 restrictions are in place.

At the moment the venue is only open Friday & Saturday so there is scope to do many more days and hours. Deluxe Bar has no real competition in the area in size or licence. There are a very good set of numbers with the books and so the vendors are looking for offers in the region of $395,000 (Price Reduction) for this exclusively listed venue.

Contact Seller


View Broker Profile

Contact: Lloyd Nunn
Phone: 03 9580 5600
Mobile: 0410 329 129
Bsale ID: 272365

Similar businesses for sale that may interest you:

Bentleigh's Best Bar & Restaurant At A Bargain Price -...

Bentleigh, Melbourne, VIC Business for Sale $59,000

Huge opportunity to secure one of the best Bar/Restaurants in the booming south eastern suburbs! The newly fitted out 90sqm premises screams potential with the use of high end fixtures, fittings, fur

Food - Hotels, Pubs, Bars, Liquor store | Food - Cafe For Sale | Food - Restaurant For Sale Bsale ID 261348

Restaurant Modern Australian Price Reduced

Croydon, Melbourne, VIC Business for Sale $180,000

One of the outer eastern suburbs best known and long established licensed restaurant. Double Shop with top of the range internal fitout and lovely ambience. The venue offers old work white tableclot

Food - Hotels, Pubs, Bars, Liquor store | Food - Cafe For Sale | Food - Restaurant For Sale Bsale ID 257023

Bar and Restaurant For Sale, Takings in Excess of $620...

Fitzroy, Melbourne, VIC Business for Sale $98,000

This outstanding business is located on busy Brunswick Street, Fitzroy surrounded by some of the biggest venues on the strip with high foot traffic, this is a destination venue. This bustling bar is

Food - Supermarket, Butcher, Fruit, Bakery, Deli | Food - Hotels, Pubs, Bars, Liquor store | Food - Restaurant For Sale Bsale ID 226917

Connect with Bsale

Send this post to a friend