Event Venue, Williamstown

Event Venue, Williamstown — Hospitality & Tourism · Williamstown · Asking $250,000 · Revenue $225,000

An event venue for sale in Williamstown, licensed and set up for functions and gatherings. 450sqm venue with capacity for 70 seated or up to 100 cocktail-style guests Fully licensed for functions and events Secure 3+3+3 lease with weekly rent of $961.53 Suited to weddings, parties, corporate functions and community gatherings Located in Williamstown

DealProspect/Listings/Hospitality & Tourism

Event Venue, Williamstown

Function & Event Venue

ActiveHospitality & TourismVictoriaB2B & B2C

Find funding for this deal →View original listing ↗

Asking price

$250,000

Disclosed · AUD

Revenue

$225,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

An event venue for sale in Williamstown, licensed and set up for functions and gatherings.
450sqm venue with capacity for 70 seated or up to 100 cocktail-style guests
Fully licensed for functions and events
Secure 3+3+3 lease with weekly rent of $961.53
Suited to weddings, parties, corporate functions and community gatherings
Located in Williamstown

How it compares

Function and event venues in Victoria · asking prices

150% above past function and event venues like it

Past function and event venues like it ask a median 0.45× revenue. On its $225,000 revenue, that points to about $100,000; reads like this are typically within 30%, so $70,000 to $130,000. It asks $250,000.

Asking price: $250,00017% below the median of $299,500
Revenue: $225,000median is $520,000
Time listed: 104 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 · $250K

25%

38%

25%

13%

$100K–$250K$2.5M–$5M

Australia 15

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