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Bars / Pubs / Taverns

The 3 anchors. Don't leave the meeting without them.

1THE PRICE

2.12x–3.10x (Peak Business Valuation Nov 2024); BizBuySell avg earnings multiple 2.73x in 2025 (trending up from 2.6 five years ago); bars declining from 2023–2025 due to rising rates though still above pre-pandemic levels

Typical deal: $299K (BizBuySell 2025 median; median revenue $800K, median owner earnings $134K)

2THE LEVER

Strong liquor license

Push this up, multiple goes up

3THE LANDMINE

Liquor license under personal owner name

Surface this in the first 15 min

SDE multiple

EBITDA multiple

3.00x–5.07x (Peak Business Valuation); entertainment-positioned bars with events and live music can achieve upper range; median financials relatively flat 2024–2025

Deal size range

$75K – $2M–$3M (entertainment venue / sports bar with real estate or strong brand)

OPEN

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Three things to nail in the first 10 minutes.

1
Bars trade at 2.12x–3.10x SDE; BizBuySell 2025 average earnings multiple is 2.73x.
2
EBITDA multiples of 3.00x–5.07x — entertainment-positioned bars with live music reach the upper range.
3
The liquor license is the most valuable single asset; in quota states it can be worth $250K–$1M standalone.

Verified — pricing landed clean

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Bars / Pubs / Taverns

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Want the full Bars / Pubs / Taverns playbook?

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