Reception Centre - City Fringe

Reception Centre - City Fringe — Hospitality & Tourism · Melbourne · Asking $900,000 · Revenue $1,200,000

Well-known reception centre in a blue-chip city fringe area Full commercial kitchen; licensed for 330 seats Liquor licence until 1am Plenty of parking; furnished to a high standard

DealProspect/Listings/Hospitality & Tourism

Reception Centre - City Fringe

Function & Event Venue

ActiveHospitality & TourismVictoriaB2B & B2C

Find funding for this deal →View original listing ↗

Asking price

$900,000

Disclosed · AUD

Revenue

$1,200,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Well-known reception centre in a blue-chip city fringe area
Full commercial kitchen; licensed for 330 seats
Liquor licence until 1am
Plenty of parking; furnished to a high standard

How it compares

Function and event venues in Victoria · asking prices

63% above past function and event venues like it

Past function and event venues like it ask a median 0.46× revenue. On its $1,200,000 revenue, that points to about $552,000; reads like this are typically within 30%, so $386,000 to $718,000. It asks $900,000.

Asking price: $900,0003.0 times the median of $299,000
Time listed: 110 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 · $900K

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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