Large-Scale Riverside Restaurant & Events Venue, South Wharf

Large-Scale Riverside Restaurant & Events Venue, South Wharf — Food & Beverage · South Wharf, Melbourne · Asking $4,800,000 · Revenue $8,500,000+ · Net Profit $1,600,000

Large-scale riverside hospitality venue on the edge of the CBD Unrivalled water frontage with panoramic city skyline views Open 7 days with a late-night liquor licence until 1am, seating for 393 patrons Fully managed operation with an experienced team Two long leases in place one with 21 years, the other 26 years remaining Distinctive contemporary fit-out with indoor/outdoor dining zones Fully…

DealProspect/Listings/Food & Beverage

Large-Scale Riverside Restaurant & Events Venue, South Wharf

Restaurant

ActiveFood & BeverageVictoriaB2B & B2C

Find funding for this deal →View original listing ↗

Asking price

$4,800,000

Disclosed · AUD

Revenue

$8,500,000+

TTM

Net Profit

$1,600,000

Implied multiple

3.0×

asking / earnings

Brief

Large-scale riverside hospitality venue on the edge of the CBD
Unrivalled water frontage with panoramic city skyline views
Open 7 days with a late-night liquor licence until 1am, seating for 393 patrons
Fully managed operation with an experienced team
Two long leases in place - one with 21 years, the other 26 years remaining
Distinctive contemporary fit-out with indoor/outdoor dining zones
Fully equipped commercial kitchen with walk-in cool rooms and separate prep kitchen
Located in the South Wharf precinct near Crown Casino and the Convention Centre
Extensive forward bookings secured for 2025/26
Full training and handover available

How it compares

Restaurants in Victoria · asking prices

110% above restaurants here

Restaurants here ask a median 0.27× revenue. On its $8,500,000 revenue, that points to about $2,290,000; reads like this are typically within 30%, so $1,600,000 to $2,980,000. It asks $4,800,000.

Asking price: $4,800,00022.3 times the median of $215,000
Revenue: $8,500,000biggest of 180
Revenue multiple: 0.56×0.27× across the market; higher than 149 of 155
Time listed: 126 daysno price change

Restaurants in Victoria

Restaurants for sale in Victoria (248) →

Listed

248

+19 in 30 days

Median asking

$215K

203 priced

Median revenue

$994K

180 disclose

Earnings multiple

2.2×

9 listings

Price drops

in 30 days

Asking price spread203 of 248 state a price

This listing · $4.8M

13%

44%

24%

11%

Under $100K$2.5M–$5M

Australia 504 · New South Wales 114 · Queensland 75 · South Australia 25 · Western Australia 25

Cafes 441 · Takeaways 316 · General retail businesses 71 · Newsagencies 68 · Supermarkets 67 · Manufacturing businesses 61

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