Hydrant Bar – Richmond

Hydrant Bar – Richmond — Hospitality & Tourism · Richmond · Asking $75,000

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…

DealProspect/Listings/Hospitality & Tourism

Hydrant Bar – Richmond

Bar

ActiveHospitality & TourismVictoriaB2C

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Asking price

$75,000

Disclosed · AUD

Revenue

—

Earnings

—

Implied multiple

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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

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Listed

+7 in 30 days

Median asking

$175K

40 priced

Median revenue

$1.1M

18 disclose

Earnings multiple

2.9×

38 listings

Price drops

in 30 days

Asking price spread40 of 57 state a price

This listing · $75K

18%

43%

18%

Under $100K$1M–$2.5M

Australia 106 · New South Wales 20 · Western Australia 11 · Queensland 9

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