L.A.B — Launch Asset Brokers
Bar · Fortitude Valley, QLD

Iconic Fortitude Valley Live Music Venue — Fully Renewed $500k+ Fit-Out, Fully Managed

Asking price$1,100,000
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Overview

The business & the opportunity

This is a well-established live music and cocktail venue trading in the heart of Fortitude Valley since 2016. Operating Thursday through Sunday from 7pm to 3am, the venue has built a strong identity as one of the Valley's most recognised live music destinations, generating consistent, high-margin revenue across a condensed four-night trading window. Following a firebombing attack on an adjoining tenancy in December 2024, the venue was closed for approximately eleven months for comprehensive restoration, reopening in November 2025 with a fully renewed fit-out representing over $500,000 in assets owned outright, debt-free. As a pure beverage operation with no food component, the business carries a lower cost of goods (22.22%) and streamlined operations relative to comparable venues, with wages under 20% of sales — a direct result of its condensed trading model. The business is completely under management, with the current ownership holding no day-to-day operational involvement; a manager and 2IC run all entertainment bookings, rostering, supplier ordering and daily operations.

This is an opportunity for an experienced operator, individual or group, to acquire a long-standing, highly profitable and well-run business that has cemented its place as a powerhouse in Fortitude Valley's nightlife precinct. Ten years of trading history and brand recognition are delivered to the incoming buyer in essentially brand-new condition following the 2024/25 restoration. The lease runs to 2027 with a five-year option (six years of total security), and the landlord is expected to entertain a further option during assignment. For a buyer looking to expand trade, there is scope to add food, functions or private events, or additional days of trade.

Iconic Fortitude Valley Live Music Venue — Fully Renewed $500k+ Fit-Out, Fully Managed
Operations

How it runs

Premises
512m² plus a 16m² upstairs office area.
Staff
Completely under management. A manager and 2IC on salary, 5 bartenders and 3 glassies across varying part-time hours.
Opening hours
Thursday 8pm–3am; Friday–Saturday 7pm–3am; Sunday 8pm–3am
Highlights

Why it stands out

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