Riverside Bar & Cafe, Southbank

Riverside Bar & Cafe, Southbank — Hospitality & Tourism · Southbank · Asking $390,000 · Revenue $3,380,000

Fully managed bar and cafe with river views over the Yarra, opposite Flinders Street Trades seven days a week from morning until late evening, with a broad food and beverage offering including Mexican-inspired cuisine Long lease secured with a further renewal option Full commercial kitchen and a late-hours liquor licence in place Staffed by a mix of full-time and casual employees supporting the…

DealProspect/Listings/Hospitality & Tourism

Riverside Bar & Cafe, Southbank

Bar

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$390,000

Disclosed · AUD

Revenue

$3,380,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Fully managed bar and cafe with river views over the Yarra, opposite Flinders Street
Trades seven days a week from morning until late evening, with a broad food and beverage offering including Mexican-inspired cuisine
Long lease secured with a further renewal option
Full commercial kitchen and a late-hours liquor licence in place
Staffed by a mix of full-time and casual employees supporting the under-management operation

How it compares

Bars in Victoria · asking prices

62% below bigger bars here

Bigger bars here ask a median 0.3× revenue. On its $3,380,000 revenue, that points to about $1,030,000; reads like this are typically within 30%, so $721,000 to $1,340,000. It asks $390,000.

Asking price: $390,0002.2 times the median of $175,000
Revenue: $3,380,000median is $1,040,000
Revenue multiple: 0.12×0.29× across the market; 0.3× for bigger ones, 0.25× for smaller
Time listed: 110 daysprice cut 44%, from $699,000

Bars in Victoria

Bars for sale in Victoria (58) →

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

This listing · $390K

17%

44%

17%

Under $100K$1M–$2.5M

Australia 107 · New South Wales 20 · Western Australia 11 · Queensland 9

Cafes 438 · Takeaways 316 · Restaurants 247 · General retail businesses 72 · Supermarkets 69 · Newsagencies 67

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