Heroes Bar – Melbourne CBD Entertainment Venue

Heroes Bar – Melbourne CBD Entertainment Venue — Hospitality & Tourism · Melbourne · Asking $150,000 · Revenue $1,040,000

Multi-level late-night entertainment venue on Bourke Street, Melbourne CBD, combining a rooftop bar, Asian-inspired interiors and karaoke facilities across four levels Late-night licence to 3am seven days a week, capacity 200 Ten years remaining on the lease (2+5+3) Currently operated under management and trading only two nights a week Considerable room to expand trading days, private functions…

DealProspect/Listings/Hospitality & Tourism

Heroes Bar – Melbourne CBD Entertainment Venue

Bar

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$150,000

Disclosed · AUD

Revenue

$1,040,000

TTM

Earnings (est.)

~$120,440

Estimated · comparable listings of this type and size · typically within ±30%

Implied multiple (assumed)

~1.2×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Multi-level late-night entertainment venue on Bourke Street, Melbourne CBD, combining a rooftop bar, Asian-inspired interiors and karaoke facilities across four levels
Late-night licence to 3am seven days a week, capacity 200
Ten years remaining on the lease (2+5+3)
Currently operated under management and trading only two nights a week
Considerable room to expand trading days, private functions and karaoke utilisation

Bars in Victoria

All 71 →

Listed

+7 in 30 days

Median asking

$198K

55 priced

Median revenue

$981K

30 disclose

Earnings multiple

3.1×

38 listings

Price drops

in 30 days

Asking price spread55 of 71 state a price

This listing · $150K

13%

45%

22%

16%

Under $100K$1M–$2.5M

Australia 122 · New South Wales 24 · Western Australia 13 · Queensland 10

Restaurants 1021 · Takeaways 942 · Cafes 897 · Liquor stores 145 · Convenience stores 139 · General retail businesses 127

Priced like this one

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