700-Person Tavern & Function Venue

700-Person Tavern & Function Venue — Hospitality & Tourism · Western Australia · Asking $2,100,000 · Revenue $5,720,000

Stunning purpose-built hospitality venue with a state-of-the-art internal fit-out Sports bar with TAB, function areas, a large dining room and extensive kitchen and bar facilities Restricted tavern licence for around 700 patrons across roughly 1,524 square metres plus alfresco All high-margin food and beverage sales, with an established client base and no packaged liquor A popular function and…

DealProspect/Listings/Hospitality & Tourism

700-Person Tavern & Function Venue

Bar

ActiveHospitality & TourismB2C

Find funding for this deal →View original listing ↗

Asking price

$2,100,000

Disclosed · AUD

Revenue

$5,720,000

TTM

Earnings (est.)

~$886,028

Estimated · comparable listings of this type and size · typically within ±40%

Implied multiple (assumed)

~2.4×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Stunning purpose-built hospitality venue with a state-of-the-art internal fit-out
Sports bar with TAB, function areas, a large dining room and extensive kitchen and bar facilities
Restricted tavern licence for around 700 patrons across roughly 1,524 square metres plus alfresco
All high-margin food and beverage sales, with an established client base and no packaged liquor
A popular function and event venue trading seven days, offered with a new 30-year lease

How it compares

Bars in Western Australia · asking prices

In line with past bars like it

Past bars like it ask a median 0.32× revenue. On its $5,720,000 revenue, that points to about $1,830,000; reads like this are typically within 30%, so $1,280,000 to $2,380,000. It asks $2,100,000, inside that range.

Asking price: $2,100,0003.5 times the median of $600,000
Revenue: $5,720,000biggest of 5
Time listed: 111 daysno price change

Bars in Western Australia

Bars for sale in Western Australia (11) →

Listed

+2 in 30 days

Median asking

$600K

9 priced

Median revenue

$2.2M

5 disclose

Earnings multiple

2.9×

38 listings

Price drops

in 30 days

Asking price spread9 of 11 state a price

This listing · $2.1M

11%

22%

33%

11%

Under $100KOver $5M

Australia 108 · Victoria 59 · New South Wales 20 · Queensland 9

Manufacturing businesses 32 · Childcare centres 29 · Automotive workshops 27 · Cafes 26 · Restaurants 25 · Wholesale and distribution businesses 25

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