**** Lazybones Lounge - An Inner West Institution ****
Lazybones Lounge has been the Inner West's home of live jazz, blues and soul for 13 years. It was named Licensee of the Year at the APRA AMCOS Music Awards, and it's now for sale for the first time in over a decade.
* FY26 turnover $1.65M, adjusted net profit $270,510 (up 28%)
* Licensed for 200 across two characterful levels, including a private function room
* Live music six to seven nights, with a late kitchen and cocktail and whiskey bar
* Low rent: 5.4% of turnover, lease to 2028 plus 2 x 5-year options
* Experienced team in place, including a full-time bar manager and sound engineer
* No pokies, just music, food and drink, with room to grow
The owners are moving on to spend time with family. Handover is negotiable.
A confidentiality agreement is required for the Information Memorandum.
Features
Late night licence: extended trading authorisation allows trade until 3am Thursday to Saturday, from 10am daily.
- Rising margin: profit margin up from 13.5% to 16.4% in a year.
- Four income streams: bar, kitchen, door charges and private functions.
- Distinctive fit out: chandeliers, velvet, leather lounges and a hand painted ceiling mural.
- Strong media profile: featured in Broadsheet, Concrete Playground and Sydney.com, and promoted on community radio.
- Prime position: In the heart of the Inner West dining and nightlife strip.
Employees
2 Owners, 2 full-time, 13 casual, 2 contractors
