Reception Centre, Melbourne's Northwest

Reception Centre, Melbourne's Northwest — Hospitality & Tourism · Victoria · Asking $1,550,000 · Revenue $1,700,000

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

DealProspect/Listings/Hospitality & Tourism

Reception Centre, Melbourne's Northwest

Function & Event Venue

ActiveHospitality & TourismB2C

Find funding for this deal →View original listing ↗

Asking price

$1,550,000

Disclosed · AUD

Revenue

$1,700,000

TTM

Earnings (est.)

~$341,700

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~4.5×

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

Function and event venues in Victoria

All 27 →

Listed

+1 in 30 days

Median asking

$690K

20 priced

Median revenue

$800K

14 disclose

Earnings multiple

5×

219 listings

Asking price spread20 of 27 state a price

This listing · $1.6M

10%

25%

35%

10%

Under $100KOver $5M

Australia 46

Cafes 577 · Takeaways 527 · Restaurants 482 · General retail businesses 226 · Supermarkets 86 · Convenience stores 78

Priced like this one

All 27 →