100-Cover Restaurant Site in Carlton

100-Cover Restaurant Site in Carlton — Food & Beverage · Carlton, Melbourne · Asking Contact Broker

100-plus cover restaurant site in central Carlton, near Fitzroy, Collingwood and Melbourne CBD Provision for outdoor seating in a destination location Gross internal area of 380 square metres Long-term 12-year lease assigned on the basis of covenant strength Not suitable for a first-time buyer; suits a multiple operator or experienced restaurateur

DealProspect/Listings/Food & Beverage

100-Cover Restaurant Site in Carlton

Restaurant

ActiveFood & BeverageVictoriaB2C

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Asking price

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Disclosed · AUD

Revenue

—

Earnings

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Implied multiple

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Brief

100-plus cover restaurant site in central Carlton, near Fitzroy, Collingwood and Melbourne CBD
Provision for outdoor seating in a destination location
Gross internal area of 380 square metres
Long-term 12-year lease assigned on the basis of covenant strength
Not suitable for a first-time buyer; suits a multiple operator or experienced restaurateur

Restaurants in Victoria

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Listed

242

+21 in 30 days

Median asking

$218K

198 priced

Median revenue

$1M

175 disclose

Earnings multiple

2.1×

10 listings

Price drops

in 30 days

Asking price spread198 of 242 state a price

12%

44%

24%

12%

Under $100K$2.5M–$5M

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