Restaurant & Bar Venue, Mulgrave

Restaurant & Bar Venue, Mulgrave — Hospitality & Tourism · Mulgrave, Melbourne · Asking POA

Free-standing 620sqm venue in a busy Melbourne corporate business estate, built out approximately two years ago 60 indoor seats plus a large outdoor patio, with capacity for up to 300 guests cocktail-style Fully equipped commercial kitchen and extensive leasehold fit-out Flexible space suited to cafe, restaurant, bar, brewery, distillery or event-venue concepts Located near major corporate office…

DealProspect/Listings/Hospitality & Tourism

Restaurant & Bar Venue, Mulgrave

Function & Event Venue

ActiveHospitality & TourismVictoriaB2B & B2C

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Asking price

POA

Disclosed · AUD

Revenue

—

Earnings

—

Implied multiple

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Brief

Free-standing 620sqm venue in a busy Melbourne corporate business estate, built out approximately two years ago
60 indoor seats plus a large outdoor patio, with capacity for up to 300 guests cocktail-style
Fully equipped commercial kitchen and extensive leasehold fit-out
Flexible space suited to cafe, restaurant, bar, brewery, distillery or event-venue concepts
Located near major corporate office campuses driving consistent foot traffic
Secure lease on favourable rental terms; vendor selling due to other business interests

Function and event venues in Victoria

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Listed

+1 in 30 days

Median asking

$300K

8 priced

Median revenue

$520K

5 disclose

Earnings multiple

2.9×

38 listings

Asking price spread8 of 10 state a price

25%

38%

25%

13%

$100K–$250K$2.5M–$5M

Australia 15

Cafes 441 · Takeaways 316 · Restaurants 247 · General retail businesses 71 · Supermarkets 69 · Newsagencies 67

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