Reception Centre, Melbourne's Northwest
Function & Event Venue
ActiveHospitality & TourismB2C
Asking price
$1,550,000
Disclosed · AUD
Revenue
$1,700,000
TTM
Earnings (est.)
~$353,430
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~4.4×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Successful operation for the last 10 years under current vendor
- Two function rooms seating 350 and 200, combinable to seat 550
- Bar and dance area, parking for up to 160 cars
- 5x5x5 lease options, monthly rental $14,750 + GST
- Bookings on the books into early 2025
More hospitality & tourism businesses for sale
- Eco-Resort & Wedding Venue - MidginbilLodge · New South Wales · $6,750,000
- Management Rights - Everton ParkManagement Rights · Everton Park, Brisbane · $1,150,000
- Tasmania Motel-Style Accommodation - Freehold Going ConcernMotel · Expressions of Interest
- 14-Room Freehold Motel, Mackay QLDMotel · Mount Pleasant, Mackay · $4,150,000
- 40-Room Freehold Motel, Armidale NSWMotel · New South Wales · $13,000,000
- 15-Key Freehold Motel, Mulwala NSWMotel · New South Wales · $2,200,000
- Multi-Use Event Space – AlphingtonFunction & Event Venue · Victoria · $80,000
- High-Turnover Seafood Takeaway - Gold CoastTakeaway · Queensland · $539,000