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DealProspect/Listings/Hospitality & Tourism

CBD Bar, Restaurant & Entertainment Venue

Bar

ActiveHospitality & TourismNew South WalesB2C
Asking price
$600,000 + stock
Disclosed · AUD
Revenue
$3,000,000
TTM
Earnings (est.)
~$485,400
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.2×
Assumed · asking ÷ estimated earnings (as advertised)

Brief

  • One of Wagga Wagga's most recognised and established hospitality venues
  • Multi-faceted destination combining restaurant dining, cocktail bar, nightclub operations and private functions
  • Positioned in the heart of the CBD with strong foot traffic and a loyal customer base
  • Approx. 1,331 sqm footprint in a prime CBD location
  • Capacity for up to around 550 patrons in the main entertainment area
  • Established systems, procedures and an experienced team in place
  • Growth potential through expanded events, dining and marketing

Bars in New South Wales

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Listed
21
+1 in 30 days
Median asking
$349K
15 priced
Median revenue
$2.4M
7 disclose
Earnings multiple
2.8×
27 listings
Price drops
1
in 30 days
Asking price spread15 of 21 state a price
This listing · $600K
27%
13%
27%
27%
7%
Under $100K$2.5M–$5M

Australia 116 · Victoria 68 · Queensland 10 · Western Australia 8

Cafes 244 · Takeaways 112 · Restaurants 91 · Childcare centres 77 · Manufacturing businesses 49 · Wholesale and distribution businesses 45

Priced like this one

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