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DealProspect/Listings/Hospitality & Tourism

Collingwood Cocktail Bar

Bar

ActiveHospitality & TourismVictoriaB2C
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 bars here

Bars here ask a median 0.26× revenue. On its $1,000,000 revenue, that points to about $262,000; reads like this are typically within 30%, so $183,000 to $341,000. 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
0.3×0.26× across the market; higher than 7 of 12
Time listed
0 daysrecently listed

Bars in Victoria

Bars for sale in Victoria (58) →
Listed
58
+9 in 30 days
Median asking
$175K
42 priced
Median revenue
$1M
18 disclose
Earnings multiple
3×
37 listings
Price drops
5
in 30 days
Asking price spread42 of 58 state a price
This listing · $300K
17%
45%
17%
17%
5%
Under $100K$1M–$2.5M

Australia 106 · New South Wales 19 · Western Australia 12 · Queensland 9

Cafes 434 · Takeaways 318 · Restaurants 248 · General retail businesses 72 · Newsagencies 69 · Supermarkets 68

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