The Penny Black Licensed Venue, Brunswick

The Penny Black Licensed Venue, Brunswick — Hospitality & Tourism · Brunswick, VIC · Asking POA

Licensed hospitality and live music venue at 420 Sydney Road, Brunswick. Licensed for 799 patrons with liquor licence to 2am Friday and Saturday. Approx 750 sqm across two bars, a bandroom with stage and AV, an outdoor beer garden and a full commercial kitchen. Operated for over two decades as a live entertainment and dining destination. Business-only asset sale with no freehold; existing…

DealProspect/Listings/Hospitality & Tourism

The Penny Black Licensed Venue, Brunswick

Bar

ActiveHospitality & TourismVictoriaB2C

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Asking price

POA

Disclosed · AUD

Revenue

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Earnings

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Implied multiple

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Brief

Licensed hospitality and live music venue at 420 Sydney Road, Brunswick.
Licensed for 799 patrons with liquor licence to 2am Friday and Saturday.
Approx 750 sqm across two bars, a bandroom with stage and AV, an outdoor beer garden and a full commercial kitchen.
Operated for over two decades as a live entertainment and dining destination.
Business-only asset sale with no freehold; existing management in place.
Long secure lease with further option.

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Listed

+7 in 30 days

Median asking

$175K

40 priced

Median revenue

$1.1M

18 disclose

Earnings multiple

2.9×

38 listings

Price drops

in 30 days

Asking price spread40 of 57 state a price

18%

43%

18%

Under $100K$1M–$2.5M

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