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PRIME LYGON STREET HOSPITALITY OPPORTUNITY – HIGH TURNOVER, FULLY RENOVATED

Broker

Lygon Street, Carlton, Melbourne, Victoria

Created 21 May 2026

Updated 24 May 2026

BrochureSend buyer inquiry

Asking Price

$500k

Listing photos

5 photos

Annual Revenue$20k
Inquiry Count0
EBITDANot provided

Business Overview

High-Performing Restaurant Opportunity – Prime Lygon Street Location

An outstanding opportunity to secure a high-performing restaurant in one of Melbourne’s most iconic dining precincts. Positioned on bustling Lygon Street, this business benefits from exceptional foot traffic, a strong local following, and consistent weekly turnover.

Key Highlights

Takings exceeding $20,000 per week
Fully renovated premises with modern, high-quality fit-out
Prime exposure in a tightly held hospitality strip
Well-equipped commercial kitchen suitable for a wide range of cuisines
Strong established customer base with repeat trade
Excellent layout for dine-in, takeaway, and delivery services

Opportunity & Potential

Currently operating as a Persian restaurant, the business provides flexibility for a new owner to continue the existing concept or easily rebrand to suit another cuisine.

Importantly, the premises does not currently hold a liquor licence, presenting a clear opportunity to increase revenue and profitability through future liquor sales.

Why You’ll Love It

Premium Lygon Street location with constant foot traffic
Turnkey operation ready for immediate trading
Significant growth potential through menu expansion, extended trading hours, and liquor licensing
Ideal for experienced hospitality operators or ambitious newcomers seeking a flagship location

Price

$500,000 – Negotiable

Opportunities of this calibre in Lygon Street are rare. Enquire now to secure a proven hospitality business with strong returns and exceptional future potential.

Confidentiality & Disclaimer

TRIDENT Business and Corporate Sales and/or its agents have exclusive authority to market and sell this business on behalf of the Vendor. All information provided, whether written or verbal, has been supplied without responsibility and has not been independently audited. Interested parties should conduct their own due diligence prior to proceeding.

Reference: T1556

*Some images used for illustration purposes only. TRIDENT Business reserves the right to limit the release of information to parties who do not provide full contact and identification details when making an enquiry.*

Business Location

Map position, local access, and nearby demand anchors for this opportunity.

Mapped

Address

Carlton VIC 3053, Australia

Nearby Demand Context

Nearby anchors that may influence foot traffic, access, and local demand.

1.8 km radius

Buyer Inquiry

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