Function Centre - South Melbourne

Function Centre - South Melbourne — Hospitality & Tourism · South Melbourne, VIC · Asking $225,000 · Revenue $520,000

Reception/function centre with a full commercial kitchen Extended liquor licence until 3am, plus an off-premises licence until 11pm Public transport available at the front door Presented to a high standard

DealProspect/Listings/Hospitality & Tourism

Function Centre - South Melbourne

Function & Event Venue

ActiveHospitality & TourismVictoriaB2B & B2C

Find funding for this deal →View original listing ↗

Asking price

$225,000

Disclosed · AUD

Revenue

$520,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Reception/function centre with a full commercial kitchen
Extended liquor licence until 3am, plus an off-premises licence until 11pm
Public transport available at the front door
Presented to a high standard

How it compares

Function and event venues in Victoria · asking prices

In line with past function and event venues like it

Past function and event venues like it ask a median 0.45× revenue. On its $520,000 revenue, that points to about $231,000; reads like this are typically within 30%, so $162,000 to $300,000. It asks $225,000, inside that range.

Asking price: $225,00025% below the median of $299,500
Revenue: $520,0002nd biggest of 5
Time listed: 111 daysno price change

Function and event venues in Victoria

Function and event venues for sale in Victoria (10) →

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

This listing · $225K

25%

38%

25%

13%

$100K–$250K$2.5M–$5M

Australia 15

Cafes 441 · Takeaways 314 · Restaurants 247 · Supermarkets 69 · General retail businesses 67 · Newsagencies 67

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