Two Leasehold Cocktail Bars in Melbourne

Two Leasehold Cocktail Bars in Melbourne — Hospitality & Tourism · Melbourne · Asking EOI

Two leasehold licensed cocktail bar venues across Melbourne, sold together Each individually designed with its own theme in prime leisure locations Owner currently operates completely absentee under full management Secure long leases with trained management and staff in place Gross profit of approximately 30% Offered to market due to the owners' other business interests

DealProspect/Listings/Hospitality & Tourism

Two Leasehold Cocktail Bars in Melbourne

Bar

ActiveHospitality & TourismVictoriaB2C

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Asking price

EOI

Disclosed · AUD

Revenue

—

Earnings

—

Implied multiple

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Brief

Two leasehold licensed cocktail bar venues across Melbourne, sold together
Each individually designed with its own theme in prime leisure locations
Owner currently operates completely absentee under full management
Secure long leases with trained management and staff in place
Gross profit of approximately 30%
Offered to market due to the owners' other business interests

Bars in Victoria

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Listed

+8 in 30 days

Median asking

$175K

41 priced

Median revenue

$1M

19 disclose

Earnings multiple

2.9×

38 listings

Price drops

in 30 days

Asking price spread41 of 58 state a price

17%

44%

17%

Under $100K$1M–$2.5M

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