Restaurant & Wine Bar, Altona

Restaurant & Wine Bar, Altona — Food & Beverage · Altona · Asking Contact Broker

Two-storey restaurant/wine bar/cafe in Altona, trading as Piano Off Pier. Located in a grocery-anchored shopping centre adjacent to Coles. Open kitchen and patio dining downstairs; full dining, stage, dance floor and bar upstairs. Seats 56+ inside and 16 outdoors. Commercial kitchen with walk-in cool room and bar coolers. Liquor licence to 1am for up to 90 patrons; annual rent $60,000.

DealProspect/Listings/Food & Beverage

Restaurant & Wine Bar, Altona

Restaurant

ActiveFood & BeverageVictoriaB2C

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Disclosed · AUD

Revenue

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Earnings

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Implied multiple

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Brief

Two-storey restaurant/wine bar/cafe in Altona, trading as Piano Off Pier.
Located in a grocery-anchored shopping centre adjacent to Coles.
Open kitchen and patio dining downstairs; full dining, stage, dance floor and bar upstairs.
Seats 56+ inside and 16 outdoors.
Commercial kitchen with walk-in cool room and bar coolers.
Liquor licence to 1am for up to 90 patrons; annual rent $60,000.

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Listed

237

+20 in 30 days

Median asking

$220K

194 priced

Median revenue

$1M

173 disclose

Earnings multiple

2.2×

9 listings

Price drops

in 30 days

Asking price spread194 of 237 state a price

11%

45%

24%

12%

Under $100K$2.5M–$5M

Australia 488 · New South Wales 111 · Queensland 74 · South Australia 25 · Western Australia 23

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