Acquire an established inner-Melbourne pub and 88-bed backpackers business, combining two revenue streams under one leasehold. With reported annual turnover exceeding $5 million and net profit of $500,000–$2.5 million, this hospitality and accommodation opportunity offers an established trading operation, absentee ownership and a prominent position near St Kilda Junction.
Established for approximately 40 years, the business comprises a character-filled pub and eatery beneath an operational backpackers hostel. The pub offers independent beers, burgers, wings, sharing plates and traditional pub meals, supported by a high-capacity commercial kitchen, multiple trading areas and outdoor seating for more than 60 patrons. The accommodation business provides 88 beds across dormitories and guest rooms, catering to international travellers, working holidaymakers, students and short-stay visitors.
Located within Melbourne's established inner-south tourism corridor, close to St Kilda Junction and Fitzroy Street, the business benefits from access to St Kilda's beachfront, Melbourne CBD, sporting venues and public transport. Its prominent arterial road frontage and surrounding residential and commercial catchment support local hospitality trade, while the backpackers accommodation attracts visitors throughout the year.
Opportunities for growth include expanding functions and events, refreshing the pub's food and beverage offering, increasing accommodation yields and developing tourism partnerships. An incoming operator could also strengthen online booking channels, introduce direct-booking initiatives and increase food and beverage spending among hostel guests. Both businesses operate under a single long-term lease with further options.
The business operates under absentee ownership. The outgoing operators will provide a structured handover covering pub and hostel operations, supplier relationships, staffing and business systems, with additional support available for marketing, events and accommodation revenue management.
Offered through a private Expressions of Interest campaign, this opportunity may suit hospitality groups, experienced publicans, backpackers operators and investors seeking an established dual-income business.
Enquire today to request the Information Memorandum, detailed financial information and confidential inspection arrangements, subject to a signed Confidentiality Agreement.
