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DealProspect/Listings/Hospitality & Tourism

Manly Restaurant and Cocktail Bar

Bar

ActiveHospitality & TourismNew South WalesB2C
Asking price
~$769,240
est. from comparable listings of this type and size · typically within ±30% · AUD
Revenue
$2,400,000
TTM
Earnings
$400,000
Implied multiple (assumed)
~1.9×
Assumed · comparable listings of this type and size · typically within ±30%

Brief

  • Well-established restaurant and cocktail bar in Manly with over 20 years of trading history
  • Seating for around 130 patrons across internal and external dining and bar areas
  • Full on-premises liquor licence with Primary Service Authorisation
  • Live music venue with recently upgraded sound and production equipment
  • New 15-year lease in place (5+5+5 structure)
  • DA approval secured to extend the premises and outdoor courtyard seating

Bars in New South Wales

All 25
Listed
25
+3 in 30 days
Median asking
$200K
19 priced
Median revenue
$1M
9 disclose
Earnings multiple
219 listings
Price drops
1
in 30 days
Asking price spread19 of 25 state a price
26%
26%
26%
16%
5%
Under $100K$2.5M–$5M

Australia 125 · Victoria 66 · Queensland 15 · Western Australia 8

Cafes 277 · Takeaways 124 · Childcare centres 112 · Restaurants 106 · General retail businesses 105 · Manufacturing businesses 53