Skip to main content

Bars & Nightclubs business for sale in Wollongong

  • Bars & Nightclubs
  • 502 Globe Lane Wollongong NSW 2500
  • $195,000

The Little Prince Iconic Bar and Restaurant

Here is your opportunity to purchase your first bar, or add it to your existing repertoire. Established in 2011, this highly reputable bar took the local bar scene by storm. The complete fit out is authentic and hand picked to create the vibe that The Little Prince is renown for.

It is only at sundown when The Little Prince comes to life on Globe Lane in the heart of Wollongong's city centre. Be welcomed by a warm and inviting interior and delight in the funky retro decor boasting bold tones and ornaments of bush ferns and timbers. Known for their extensive, and frequently rotated, cocktail list and tasty tappas, the bar has been a local icon since the day it opened.

The most popular characteristic of this venue is the relaxed and earthy exterior deck seating area which is all undercover with piped gas heating. Patrons book this deck out in advance and is a destination for small weddings. Regular function bookings are a staple at The Little Prince.

The wall mural, painted by well known Australian Street and Contemporary artist Kaff-eine adds the finishing touch to this after work venue.

The owners of The Little Prince have taken great care to keep the venue new and interesting to patrons. They completed a major renovation in 2015 where they built out the bar, improved the deck and replaced furniture. In 2017, a minor renovation involved replacing furniture and made aesthetic changes with plants and vintage elements. The rear deck is painted every year.

Potential
The bar is run completely under management and offers a new owner the opportunity to drive the current growth forward.

Operation
The venue is licensed for 200 people and currently operates Tuesday to Sunday 4pm to 12am.
Excellent systems allow for the bar to run efficiently under management.

Premises
Stylish and attractive decor, along with the huge outside covered deck creates the perfect place for local patrons to relax after work. Not a cent to spent.

Location
Located in the middle of the Wollongong CBD, the bar is situated amongst retailers, offices, restaurants and bars. The Little Prince is contained with the mall and meters from the entrance to David Jones and public transport.

Employees
Operations Manager
Cook
Casual bar staff

Lease
Current lease expires 31 May 2025.

Figures
Sales $800,000 per annum
Rent $ 86,701 per annum inclusive of all outgoings, garbage, water usage, air conditioning and greasetrap

Please contact our office for more details.

Business Highlights

Business ID2015407349
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  27 Sep 2019
Map for 502 Globe Lane Wollongong NSW 2500
Map for 502 Globe Lane Wollongong NSW 2500502 Globe Lane Wollongong NSW 2500
Comelli Commercial Business & Property Sales
Suit 7, 50 Crown St Wollongong NSW 2500
CallEmail