Union Electric Laneway Cocktail Bar, Melbourne

Union Electric Laneway Cocktail Bar, Melbourne — Food & Beverage · Melbourne CBD, Melbourne · Asking $800,000

Two-level laneway cocktail bar in Melbourne's Chinatown, trading since 2015 Speakeasy-style ground floor plus a rooftop parlour with its own gin bar No kitchen on site; fully fitted with an extensive asset register included On Premises Liquor Licence to 1am, capacity 100 patrons Lease has 10 years remaining (5+5); vendor open to vendor finance

DealProspect/Listings/Food & Beverage

Union Electric Laneway Cocktail Bar, Melbourne

Bar

ActiveFood & BeverageVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$800,000

Disclosed · AUD

Revenue (est.)

~$1,878,375

Estimated · comparable listings of this type and size

Earnings (est.)

~$348,235

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~2.3×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Two-level laneway cocktail bar in Melbourne's Chinatown, trading since 2015
Speakeasy-style ground floor plus a rooftop parlour with its own gin bar
No kitchen on site; fully fitted with an extensive asset register included
On Premises Liquor Licence to 1am, capacity 100 patrons
Lease has 10 years remaining (5+5); vendor open to vendor finance

Bars in Victoria

All 65 →

Listed

+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

in 30 days

Asking price spread47 of 65 state a price

This listing · $800K

11%

43%

19%

21%

Under $100K$1M–$2.5M

New South Wales 24 · Queensland 14 · Western Australia 8

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Priced like this one

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