Bar and Cafe - Crown Casino Precinct, Melbourne

Bar and Cafe - Crown Casino Precinct, Melbourne — Hospitality & Tourism · Melbourne (Crown Casino precinct) · Asking POA

Cafe/bar in the Crown Casino precinct, a major Melbourne tourist drawcard First time the business has been offered for sale Trades seven days, no breakfast service Liquor-weighted sales mix with food making up a smaller share Fully under management with a well-trained, loyal staff team; new long-term lease

DealProspect/Listings/Hospitality & Tourism

Bar and Cafe - Crown Casino Precinct, Melbourne

Bar

ActiveHospitality & TourismVictoriaB2C

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Asking price

POA

Disclosed · AUD

Revenue

—

Earnings

—

Implied multiple

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Brief

Cafe/bar in the Crown Casino precinct, a major Melbourne tourist drawcard
First time the business has been offered for sale
Trades seven days, no breakfast service
Liquor-weighted sales mix with food making up a smaller share
Fully under management with a well-trained, loyal staff team; new long-term lease

Bars in Victoria

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Listed

+10 in 30 days

Median asking

$172K

42 priced

Median revenue

$1M

19 disclose

Earnings multiple

3×

37 listings

Price drops

in 30 days

Asking price spread42 of 59 state a price

19%

43%

17%

Under $100K$1M–$2.5M

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