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DealProspect/Listings/Hospitality & Tourism

Iconic Cocktail Bar, Sydney CBD

Bar

ActiveHospitality & TourismNew South WalesB2C
Asking price
$600,000
Disclosed · AUD
Revenue (est.)
~$1,591,090
Estimated · comparable listings of this type and size · typically within ±25%
Earnings (est.)
~$278,577
Estimated · comparable listings of this type and size · typically within ±25%
Typical multiple
~2.2×
comparable listings of this type and size · typically within ±25%

Brief

  • Established cocktail bar in Sydney's CBD entertainment precinct
  • Distinctive fit-out and atmosphere with a loyal repeat clientele
  • Strong tourism and local patronage, with excellent transport accessibility
  • Operates under management with experienced staff in place
  • Equipped to host private functions, live entertainment and corporate events
  • Strong online reputation and social media following

Bars in New South Wales

Bars for sale in New South Wales (20) →
Listed
20
+3 in 30 days
Median asking
$275K
18 priced
Median revenue
$2.5M
6 disclose
Earnings multiple
2.9×
38 listings
Asking price spread18 of 20 state a price
This listing · $600K
28%
11%
33%
22%
6%
Under $100K$2.5M–$5M

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