Restaurant & Bar Lease, Townsville

Restaurant & Bar Lease, Townsville — Food & Beverage · Townsville, Queensland

A 271m2 restaurant and bar tenancy within the Quest North Ward hotel building in Townsville. Full commercial kitchen fitted with new equipment Seating for 150 patrons plus a large alfresco balcony Anchor tenancy within a 55-room hotel running at around 85% occupancy Potential revenue channels include room service, function catering and mini bar supply agreements Located in North Ward near The…

DealProspect/Listings/Food & Beverage

Restaurant & Bar Lease, Townsville

Restaurant

ActiveFood & BeverageQueenslandB2B & B2C

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Asking price

N/A

Disclosed · AUD

Revenue

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Earnings

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Implied multiple

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Brief

A 271m2 restaurant and bar tenancy within the Quest North Ward hotel building in Townsville.
Full commercial kitchen fitted with new equipment
Seating for 150 patrons plus a large alfresco balcony
Anchor tenancy within a 55-room hotel running at around 85% occupancy
Potential revenue channels include room service, function catering and mini bar supply agreements
Located in North Ward near The Strand and Jezzine Barracks
Suited to breakfast, lunch, dinner, functions and corporate events

Restaurants in Queensland

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Listed

+9 in 30 days

Median asking

$199K

72 priced

Median revenue

$1M

34 disclose

Earnings multiple

1.2×

12 listings

Price drops

in 30 days

Asking price spread72 of 75 state a price

50%

17%

13%

Under $100K$2.5M–$5M

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