Acquire a landmark Melbourne hospitality business combining a character-filled pub and an operational 88-bed backpackers under one leasehold. Generating two complementary revenue streams from food, beverage and accommodation, this established business offers absentee ownership, a fully equipped hospitality operation and significant opportunities to increase revenue across both divisions.
With a trading history spanning 40 years, the business occupies a prominent position in Melbourne's sought-after inner-south, close to St Kilda Junction and Fitzroy Street. The ground-floor pub offers an inviting neighbourhood atmosphere with independent beers, classic pub meals, burgers, wings and share plates. Multiple trading areas, a 60-plus-seat outdoor courtyard and an extensively equipped commercial kitchen support regular dining, functions, events and private gatherings.
Above the pub, the fully operational 88-bed backpackers provides an additional accommodation income stream, catering to international travellers, working holidaymakers, students and budget-conscious visitors. Its location within Melbourne's established backpacker and tourism corridor provides access to demand generated by St Kilda's attractions, Melbourne's sporting calendar and the city's cultural and entertainment destinations. Accommodation guests also represent a valuable customer base for the pub below.
The business benefits from a high-visibility inner-Melbourne location with convenient tram, rail and arterial road connections. Its surrounding residential and commercial catchment supports local patronage, while visitors provide opportunities for accommodation bookings and additional food and beverage sales. The combination of an operating pub and substantial backpacker accommodation under one lease creates a distinctive acquisition opportunity for hospitality groups, accommodation operators and investors.
Growth opportunities extend across both operations. The pub offers scope to expand functions, private events, food offerings, promotional activities and digital marketing. The backpackers presents opportunities to refine room pricing, improve online booking channels, develop travel and tour partnerships, refresh accommodation facilities and increase direct bookings. Further potential exists to strengthen cross-promotion between accommodation guests and the hospitality venue.
Currently operating under full management with absentee ownership, the business is offered as a turnkey leasehold acquisition, including trade furniture, fixtures and fittings. A long, secure hospitality lease with further options provides continuity for an incoming operator. The outgoing operators will provide a structured handover, including training across pub operations, backpacker management, staffing, supplier relationships and business systems.
Offered through a confidential Expressions of Interest campaign managed by Boston Brokers, this opportunity is suited to experienced hospitality operators, accommodation groups and investors seeking an established Melbourne business with multiple revenue streams.
Enquire confidentially to access further information on the pub, backpackers, trading performance, lease arrangements and acquisition opportunity.
