Bar and Functions Venue in Melbourne
Bar
ActiveHospitality & TourismVictoriaB2B & B2C
Asking price
$389,000
Disclosed · AUD
Revenue
$695,000
TTM
Earnings (est.)
~$187,094
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~2.1×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Licensed bar and private function venue in a recognised Melbourne entertainment precinct, established 2010
- Approx. 371sqm venue with main bar, multiple function areas and outdoor entertaining space
- Trades Fridays and Saturdays only, 2pm-1am
- Annual turnover of approximately $695,000 (incl. GST) from just two trading days
- On-premises liquor licence to 3am for 267 patrons
- Lease to 2031 with a further 5-year option sought; significant untapped trading capacity
Bars in Victoria
All 65 →Listed
65
+2 in 30 days
Median asking
$230K
47 priced
Median revenue
$819K
24 disclose
Earnings multiple
5×
219 listings
Price drops
3
in 30 days
Asking price spread47 of 65 state a price
This listing · $389K
6%
Under $100K$1M–$2.5M
Australia 122 · New South Wales 24 · Queensland 14 · Western Australia 8
Cafes 577 · Takeaways 527 · Restaurants 482 · General retail businesses 226 · Supermarkets 86 · Convenience stores 78
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