This iconic venue only operates three nights a week and is highly profitable all year round. This is the 1st time this popular venue has been on the market in over 13 years and offers one lucky purchaser an incredible opportunity to own this thriving live music, late night venue located right in the heart of bustling Johnston Street in Fitzroy.
Well-known for its live entertainment and premium drinks offer, this landmark venue is exactly what you would expect to find within the popular inner-city suburbs of Melbourne. The venue holds a late-night liquor licence until 3am for up to 350 patrons over multiple levels, including rooftop seating, and is perfectly positioned within Fitzroy's renowned late night entertainment district. This iconic venue is loved by both locals and tourists alike who deem Laundry Bar to be a Melbourne institution.
BUSINESS HIGHLIGHTS:
Annual turnover of $2,000,000+ pa
Net profit of $700,000
Run under full management
Only trades 3 nights a week
Over $500,000 worth of sound & AV equipment included in the sale
Late Night liquor licence until 3am, 365 days a year + bottleshop licence until 11pm
Licensed to hold up to 350 patrons over multiple levels including rooftop seating
Secure 12 years remaining on current lease and market rental
Unbeatable location on Johnston Street in Fitzroy
Iconic Melbourne venue very popular nightlife destination
All written systems and procedures in place for seamless handover
1st class fit out & sound equipment - excellent CCTV security system
Sale includes all IP, trading names, customer database, social media and website
PRICE RANGE: $600,000 - $650,000 + Stock
This venue is a hub of late-night entertainment that has kept its loyal patrons coming back for decades. The venue hosts live bands and electrifying local and international DJ performances belting out some of the best Hip Hop and Rap tunes in Melbourne. The venue also offers its patrons several roped-off VIP booths for hire, all with personal bottle service to the table all night. The club has an excellent reputation for being a super safe environment for patrons and is an all-inclusive venue for everyone to enjoy.
If you're looking for a standout late-night venue with a well-established trading history that is truly unique to Melbourne, then this is it! Call Marc to inspect on 0412 359 907.
