Punchbowl has a relatively small shopping centre, although the selection is diverse. It thrived until the advent of Roselands and Bankstown Square in the late 1960s and its bisection by the upgrading of Punchbowl Road in the 1970s. It is centred on Punchbowl railway station, along The Boulevarde and Punchbowl Road. Local businesses and clubs reflect the diversity of the population. Punchbowl RSL was located on The Boulevarde until it closed in 2010 and The Mirage Hotel is on Punchbowl Road. Lebanese cuisine is well regarded in the suburb, to the extent that culinary walking tours of Punchbowl sell out months ahead. There are a number of Lebanese sweet shops in the suburb. In 2009, a gym opened at the Astoria theatre site.