Pre Drinks Bar, South Yarra
Bar
ActiveHospitality & TourismVictoriaB2C
Asking price
$65,000
Disclosed · AUD
Revenue (est.)
~$203,634
Estimated · comparable listings of this type and size
Earnings (est.)
~$28,294
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~2.3×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Functions-focused nightlife venue on Commercial Road, South Yarra
- On-premises licence to 1am, capacity of 168; ground-floor bar and dance space
- Upstairs karaoke room, lounge with its own bar, small stage and sound system
- All fixtures and fittings included; currently trading two nights a week
Bars in Victoria
All 65 →Listed
65
+14 in 30 days
Median asking
$230K
47 priced
Median revenue
$819K
24 disclose
Earnings multiple
5×
212 listings
Time listed
39d
12 tracked
Price drops
2
in 30 days
Asking price spread47 of 65 state a price
This listing · $65K
6%
Under $100K$1M–$2.5M
New South Wales 24 · Queensland 14 · Western Australia 8
Cafes 575 · Takeaways 528 · Restaurants 482 · General retail businesses 226 · Supermarkets 86 · Convenience stores 77
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