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.)

~$546,884

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~0.7×

Assumed · asking ÷ estimated earnings (as advertised)

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

Bars in Victoria

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Listed

+5 in 30 days

Median asking

$230K

51 priced

Median revenue

$819K

30 disclose

Earnings multiple

2.8×

27 listings

Price drops

in 30 days

Asking price spread51 of 68 state a price

This listing · $390K

10%

47%

22%

18%

Under $100K$1M–$2.5M

Australia 118 · New South Wales 21 · Queensland 10 · Western Australia 8

Restaurants 1022 · Takeaways 927 · Cafes 885 · Liquor stores 145 · Convenience stores 141 · Bakeries 127

Priced like this one

All 68 →