Rare Hospitality Acquisition in Melbourne

Rare Hospitality Acquisition in Melbourne — Hospitality & Tourism · Melbourne · Asking $2,350,000 · Revenue $6,622,824

Large hospitality venue across two adjoining premises in Melbourne, trading over 50 years Seats approximately 260 across licensed restaurant, cafe, dining and bar operations Long-term lease secured through to 2038 Diversified revenue across breakfast, lunch, dinner, functions, corporate events and takeaway Fully equipped commercial kitchen and substantial back-of-house infrastructure 11 full-time…

DealProspect/Listings/Hospitality & Tourism

Rare Hospitality Acquisition in Melbourne

Hospitality Site

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$2,350,000

Disclosed · AUD

Revenue

$6,622,824

TTM

Earnings (est.)

~$1,104,025

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~2.1×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Large hospitality venue across two adjoining premises in Melbourne, trading over 50 years
Seats approximately 260 across licensed restaurant, cafe, dining and bar operations
Long-term lease secured through to 2038
Diversified revenue across breakfast, lunch, dinner, functions, corporate events and takeaway
Fully equipped commercial kitchen and substantial back-of-house infrastructure
11 full-time and 34 part-time staff under established operating systems

Hospitality site businesses in Victoria

All 42 →

Listed

+4 in 30 days

Median asking

$630K

25 priced

Median revenue

$1.1M

12 disclose

Earnings multiple

5×

219 listings

Price drops

in 30 days

Asking price spread25 of 42 state a price

This listing · $2.4M

20%

16%

20%

16%

Under $100KOver $5M

Australia 63

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

Priced like this one

All 42 →