Reception Centre, Melbourne's Northwest
Function & Event Venue
ActiveHospitality & TourismB2C
Asking price
$1,550,000
Disclosed · AUD
Revenue
$1,700,000
TTM
Earnings (est.)
~$354,110
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
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