Hightail Bar & Grill, Docklands

Hightail Bar & Grill, Docklands — Hospitality & Tourism · Docklands, Melbourne · Asking EOI · Revenue $4,000,000

Pub and bar & grill at the western end of Collins Street, Melbourne city centre. Over 1,000 sqm indoor space plus outdoor seating and terrace garden. Licensed for 970 patrons; functions for up to 900 guests. Two bars, 64 taps and a fully equipped commercial kitchen. Basement with beer cellars, walk-in freezer and cool rooms. Currently trading 5 days a week (Monday-Friday).

DealProspect/Listings/Hospitality & Tourism

Hightail Bar & Grill, Docklands

Bar

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

~$1,285,600

est. from comparable listings of this type and size · typically within ±30% · AUD

Revenue

$4,000,000

TTM

Earnings (est.)

~$596,899

Estimated · comparable listings of this type and size · typically within ±30%

Implied multiple (assumed)

~2.2×

Assumed · estimated price ÷ estimated earnings (as advertised)

Brief

Pub and bar & grill at the western end of Collins Street, Melbourne city centre.
Over 1,000 sqm indoor space plus outdoor seating and terrace garden.
Licensed for 970 patrons; functions for up to 900 guests.
Two bars, 64 taps and a fully equipped commercial kitchen.
Basement with beer cellars, walk-in freezer and cool rooms.
Currently trading 5 days a week (Monday-Friday).

Bars in Victoria

Bars for sale in Victoria (59) →

Listed

+9 in 30 days

Median asking

$172K

42 priced

Median revenue

$1M

19 disclose

Earnings multiple

2.9×

38 listings

Price drops

in 30 days

Asking price spread42 of 59 state a price

19%

43%

17%

Under $100K$1M–$2.5M

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