The venue, which has been open for more than two decades, was initially in Ghuznee Street but now resides in Willis Street.
While a closing date remains undecided, owners Murray Hepple and Catherine Popert have suggested it will happen before the end of the year.
Hepple and Popert said in a statement: “It is with considerable sadness that, for reasons beyond our control, we regret to announce the closure of Bodega’s doors at the end of this year, after 25 years of faithful and committed service to live music in Wellington.
“Whilst unhappy at this turn of events, we are proud of our history in bringing so many and such a wide variety of seminal, local, national and international acts to the Bodega stage.
“We are, of course, indebted to the loyalty of our patrons, our fabulous staff, and the exceptional talent that has graced our stage over the years.”
Bar Bodega has hosted several great acts, including The White Stripes, Ultravox’s Midge Ure, High Fidelity author Nick Hornby, The Buzzcocks, Tim Finn, Fur Patrol, Gin Wigmore, Unknown Mortal Orchestra, Hollie Smith – and Ghostface Killah.