435 - 437 Nepean Highway, Frankston, Victoria
Iron River Bar & Grill – Proven Performer in Premium Highway Position
Leasehold $385,000 - ONO
Business Description
CRE Brokers are pleased to exclusively present the Leasehold Business of Iron River Bar & Grill, a well-established and highly regarded hospitality venue positioned in one of South-East Melbourne's most prominent highway locations.
Strategically positioned on the ground floor of the Quest Frankston Apartments, the venue enjoys outstanding exposure to the busy Nepean Highway, surrounded by a thriving mix of retail, commercial, and residential developments. The property is just moments from the Frankston foreshore, a major drawcard for both locals and tourists year-round.
The restaurant and bar showcase a modern, well-designed layout, featuring open-plan booth and table seating, a fully equipped bar and service area, and a commercial kitchen complete with walk-in cool room and freezer. A street-front alfresco dining area further enhances the relaxed, coastal dining experience.
This is an exceptional opportunity for an owner-operator or hospitality group to acquire a proven, high-performing business with a strong local following, consistent turnover exceeding $1.8 million annually, and significant franchise or brand expansion potential.
With excellent visibility, heavy passing traffic, and a loyal customer base drawn from both locals and visitors, Iron River Bar & Grill stands out as a premier hospitality offering in the fast-growing Frankston region.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:CAFES, B:HOTEL/BAR, C:VIC - South WestKey Investment Insights
1. Leasehold business offering, enabling lower acquisition cost than freehold, listed exclusively by CRE Brokers.
2. Proven high-performing venue, with consistent annual turnover exceeding $1.8 million.
3. Prime highway exposure on Nepean Highway, delivering heavy passing traffic and strong visibility.
4. Ground-floor position within Quest Frankston Apartments, providing captive foot traffic from apartment guests.
5. Immediate proximity to Frankston foreshore, attracting both locals and tourists year-round.
6. Surrounded by a mix of retail, commercial and residential developments, supporting a diverse local customer base.
7. Modern, well-designed open-plan layout with booth and table seating, optimising covers and service flow.
8. Fully equipped bar and service area plus commercial kitchen with walk-in cool room and freezer, reducing capital expenditure for fit-out.
9. Street-front alfresco dining area, enhancing coastal dining appeal and seasonal capacity.
10. Suitable for owner-operator or hospitality group acquisition, with clear franchise or brand expansion potential.
