435 - 437 Nepean Highway, Frankston, Victoria
Iron River Bar & Grill – Proven Performer in Premium Highway Position
Expressions of Interest
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 opportunity for a proven hospitality business, Iron River Bar & Grill, suitable for owner-operators or groups.
2. Consistent turnover exceeding $1.8 million annually, indicating strong financial performance.
3. Premium highway frontage on Nepean Highway, offering excellent visibility and heavy passing traffic.
4. Ground-floor position within Quest Frankston Apartments, providing built-in captive patronage from apartment guests.
5. Proximity to Frankston foreshore, attracting year-round local and tourist trade.
6. Surrounded by a mix of retail, commercial and residential developments, supporting diverse customer streams.
7. Modern, well-designed open-plan layout with booth and table seating, optimising covers and service flow.
8. Fully equipped bar and commercial kitchen, including walk-in cool room and freezer, reducing immediate capital expenditure.
9. Street-front alfresco dining, enhancing coastal dining appeal and seasonal capacity.
10. Strong local following and loyal customer base, supporting repeat business and stable revenues.
11. Notable potential for franchise or brand expansion, indicating scalability beyond current operations.
12. Positioned in the fast-growing Frankston / South-East Melbourne market, benefiting from regional growth dynamics.
