Hydrant Bar – Richmond
Bar
ActiveHospitality & TourismVictoriaB2C
Asking price
$75,000
Disclosed · AUD
Revenue (est.)
~$239,234
Estimated · comparable listings of this type and size
Earnings (est.)
~$32,687
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~2.3×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Charming boutique bar on the corner of Burnley Street and Bridge Road, Richmond, Melbourne
- Intimate, fully fitted space with premium spirits and wine fridges; outdoor seating for eight, indoor capacity of twenty
- General Licence permits on-premises trade until 1am and off-premises sales until 11pm
- Lease has six years remaining on a 3+3 term, with outgoings payable in addition to rent
- All fixtures and fittings included; no further investment required
- Online ordering system in place for takeaway sales; scope to add a coffee service via existing plumbing
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 · $75K
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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