Collingwood Cocktail Bar

Collingwood Cocktail Bar — Hospitality & Tourism · Collingwood · Asking $300,000 · Revenue $1,000,000 · Net Profit $170,000

Stylish cocktail bar and dining venue on Smith Street, Collingwood Fully licensed for 97 patrons with a function space and outdoor seating Currently trades just five nights a week, Wednesday to Sunday Lease secured through to May 2042 Scope to expand trading hours and the food menu; unused basement could become additional function space

DealProspect/Listings/Hospitality & Tourism

Collingwood Cocktail Bar

Bar

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$300,000

Disclosed · AUD

Revenue

$1,000,000

TTM

Net Profit

$170,000

Implied multiple

1.8×

asking / earnings

Brief

Stylish cocktail bar and dining venue on Smith Street, Collingwood
Fully licensed for 97 patrons with a function space and outdoor seating
Currently trades just five nights a week, Wednesday to Sunday
Lease secured through to May 2042
Scope to expand trading hours and the food menu; unused basement could become additional function space

How it compares

Bars in Victoria · asking prices

In line with smaller bars here

Smaller bars here ask a median 0.25× revenue. On its $1,000,000 revenue, that points to about $249,000; reads like this are typically within 30%, so $174,000 to $324,000. It asks $300,000, inside that range.

Asking price: $300,00071% above the median of $175,000
Revenue: $1,000,000median is $1,040,000
Revenue multiple: 0.3×0.29× across the market; 0.3× for bigger ones, 0.25× for smaller
Time listed: 11 daysrecently listed

Bars in Victoria

Bars for sale in Victoria (58) →

Listed

+8 in 30 days

Median asking

$175K

41 priced

Median revenue

$1M

19 disclose

Earnings multiple

2.9×

38 listings

Price drops

in 30 days

Asking price spread41 of 58 state a price

This listing · $300K

17%

44%

17%

Under $100K$1M–$2.5M

Australia 107 · New South Wales 20 · Western Australia 11 · Queensland 9

Cafes 438 · Takeaways 316 · Restaurants 247 · General retail businesses 72 · Supermarkets 69 · Newsagencies 67

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