700-Person Tavern & Function Venue
Bar
ActiveHospitality & TourismB2C
Asking price
$2,100,000
Disclosed · AUD
Revenue
$5,200,000-$6,240,000
TTM
Earnings (est.)
~$866,840
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~2.4×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Stunning purpose-built hospitality venue with a state-of-the-art internal fit-out
- Sports bar with TAB, function areas, a large dining room and extensive kitchen and bar facilities
- Restricted tavern licence for around 700 patrons across roughly 1,524 square metres plus alfresco
- All high-margin food and beverage sales, with an established client base and no packaged liquor
- A popular function and event venue trading seven days, offered with a new 30-year lease
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