Acquire a landmark inner-Melbourne pub and 88-bed backpackers business, combining two established revenue streams under one leasehold. With reported annual turnover exceeding $5 million and net profit of $500,000–$2.5 million, this dual-purpose hospitality and accommodation business offers an established trading operation in Melbourne's sought-after inner-south tourism corridor.
Operating for approximately 40 years, the business combines a character-filled pub, eatery and events venue with backpacker accommodation across the upper floors. The pub features multiple trading areas, a rotating selection of independent beers, a menu of burgers, wings, sharing plates and traditional pub favourites, and outdoor seating for more than 60 guests. A fully equipped commercial kitchen, walk-in fridge and dedicated staff facilities support food and beverage operations. Above the pub, an established 88-bed backpackers business accommodates international travellers, working holidaymakers, students and short-stay visitors.
Positioned near St Kilda Junction and Fitzroy Street, the business benefits from an established tourism and hospitality precinct with access to St Kilda's beachfront, Melbourne CBD, sporting venues and public transport connections. Its prominent arterial road position provides visibility, while surrounding residential and commercial areas contribute to local pub trade. Backpacker guests provide an additional customer base for the food and beverage operation.
The business offers multiple expansion opportunities, including increased functions and private events, refreshed food and beverage offerings, enhanced digital marketing and improved accommodation revenue management. Further potential exists through online travel agency partnerships, direct booking initiatives, tourism collaborations and a repositioning of either the pub or accommodation offering. The two complementary operations provide opportunities to develop additional revenue from existing guests and customers.
The business is operated under absentee ownership, with an established operating structure in place. The outgoing operators will provide a structured handover covering pub and backpackers operations, systems, supplier relationships and staffing, with additional support available for marketing, events and accommodation revenue management.
Offered through a private Expressions of Interest campaign, this is an opportunity for hospitality groups, accommodation operators and investors seeking an established dual-income business with a long-term lease and further options.
Qualified buyers are invited to enquire for the Information Memorandum, detailed financial information and confidential inspection arrangements, subject to execution of a Confidentiality Agreement.
