Established Bar & Functions Venue
Bar
ActiveHospitality & TourismVictoriaB2B & B2C
Asking price
$389,000
Disclosed · AUD
Revenue
$695,000
TTM
Earnings (est.)
~$192,793
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~2.0×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Licensed bar and function venue in a recognised Melbourne entertainment precinct
- Approximately 371 sqm fit-out with multiple function and entertainment areas
- Operates just two trading days per week (Fridays and Saturdays)
- Lease extends to 2031 with fixed 4% annual rent reviews and no relocation/demolition risk
- Established in 2010, trading from the same premises for approximately 16 years
- Significant untapped potential to expand trading days and hours
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