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.)

~$248,177

Estimated · comparable listings of this type and size · typically within ±25%

Implied multiple (assumed)

~3.6×

Assumed · asking ÷ estimated earnings (as advertised)

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: 109 daysno price change

Function and event venues in Victoria

Function and event venues for sale in Victoria (9) →

Listed

active

Median asking

$299K

7 priced

Earnings multiple

2.9×

38 listings

Asking price spread7 of 9 state a price

This listing · $900K

29%

14%

$100K–$250K$2.5M–$5M

Australia 14

Cafes 438 · Takeaways 316 · Restaurants 247 · General retail businesses 72 · Supermarkets 69 · Newsagencies 67

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