A Rare Opportunity to Acquire a Thriving Hospitality Business
For the first time, Newcastle's iconic MEET Restaurant & Bar is on the market, presenting a unique opportunity to own a well-established, high-performing venue in the heart of the CBD. Renowned for its authentic Brazilian Churrasco experience, MEET has been a cornerstone of the city's dining scene for a decade, attracting a loyal customer base and setting the standard for premium hospitality.
With strong revenue, multiple function spaces, and a 2am liquor license, this business is primed for continued success and future growth. Full management and kitchen teams are in place, offering a turn-key investment for those looking to step into a well-oiled operation with strong growth potential.
(Further detailed venue shots displaying full aspect available upon request).
Key Investment Highlights
Proven Success - Established for 10 years, MEET quickly outgrew its original Honeysuckle location and moved to a purpose-built flagship venue in 2019 after a $1.1M redevelopment.
Turn-key Operation - Fully equipped commercial kitchen, well documented kitchen operations, recipes, and front-of-house handbooks to streamline training and daily operations, and a highly experienced team of 25-30 staff, including 5 full-time employees, ensuring smooth operations with minimal owner involvement.
Recent Upgrades - A $100K refresh in 2024 ensures a stylish, modern interior with furniture less than 12 months old, enhancing both aesthetics and efficiency.
Expansion Potential - DA-approved plans for an additional bar, additional 50-seat dining area, and second cooking space, offering immediate growth opportunities.
Premium Licensing & Trading Hours - 2am liquor license (Fri-Sun) allows for extended trading hours and increased late-night revenue opportunities, with further potential to expand operations.
Minimal Owner Involvement: Comprehensive documentation, structured processes, and a capable management team allowing the restaurant to operate smoothly with limited owner input - making it an attractive acquisition for both operators and investors.
Strong Marketing & Digital Presence - MEET maintains a growing email database of over 30,000 contacts (via booking platform), along with 8,979 Instagram followers and 15,000 Facebook followers, providing a valuable built-in audience for ongoing promotions and customer engagement.
With a proven concept, strong brand loyalty, and significant growth potential, MEET is an exceptional opportunity for investors or hospitality operators looking to step into a successful, well-established business.
Contact us today to fill out a confidentiality agreement to obtain further information and to organise a viewing to see what this business has to offer.
