About the Business

Here is a once-in-a-lifetime opportunity to acquire the iconic and renowned Pee Wee’s restaurant in the beautiful waterfront location of Fannie Bay, Darwin NT. Originally built in 1997, the venue is positioned on three acres of absolute water frontage and has been listed on the National Estate of the NT Heritage registers. Operating under the current owner since 2002, the venue was significantly renovated in 2018. It generates a considerable income from three main sources - a ’la carte dining, lounge area and function complex. It has won multiple national and international awards and has been featured in many Australian and overseas food publications and TV series.

Pee Wee’s has set a benchmark in fine-dining experience in Northern Australia and has an on-premise liquor license to serve alcohol with few restrictions every day. The spacious property can accommodate up to 1,000 people outside and 300 inside and operates 5 days a week. It has a team of front-of-house and back-of-house staff who maintain the property and customers.

Pee Wee has a 30-year lease with the City of Darwin, which can be renegotiated in perpetuity. Its garden area is perfect for hosting weddings, corporate and private functions, with water views across Fannie Bay to the skyline of Darwin City. These events bring high profits, and the Dry Season 2023 Diary is almost full for all weekend dates in May, June, July, August and September. In addition, there is interest already in prized 2024 and 2025 dates, which ensure a high return on investment for the buyer. A driven individual can further boost profits by increasing trading hours.

Features of the Business

Prestigious and iconic hospitality venue in the Northern Territory
Located 8km from Darwin CBD in the natural ambience of East Point Reserve
Ranked as the 5th Best Fine Dining Restaurant in Australia and 6th in the South Pacific Appeared on TV shows “Taste of the Territory”, season 3 of “Avec Eric”, Jack Steins “Inside the Box”, as well MasterChef and The Today Show
Restaurant fully booked during the busy Dry Season months (late April to late September)
Online booking system and in-house accountant in place
Managed efficiently by a team of well-trained staff
This is the first time Pee Wee’s has been offered to the market. It would be impossible to purchase comparable waterfront land in Darwin again with a liquor licence and secure a long-term lease. If you are interested in this business, call us on the number above TODAY!