Wedding Reception & Events Venue – Aspendale
ActiveHospitality & TourismVictoriaB2C
Asking price
$1,500,000
Disclosed · AUD
Revenue
$1,404,000
TTM
Earnings (est.)
~$291,892
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~5.1×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
A large-scale wedding reception and conference centre in Aspendale with an outstanding reputation and luxurious interiors following a substantial investment in renovations and fit-out. The venue accommodates up to 650 guests across weddings, corporate functions and special events, with a full commercial kitchen, full liquor licence, ample on-site parking and a long-term 25-year lease.
More hospitality & tourism businesses for sale
- Eco-Resort & Wedding Venue - MidginbilLodge · New South Wales · $6,750,000
- Management Rights - Everton ParkManagement Rights · Everton Park, Brisbane · $1,150,000
- Tasmania Motel-Style Accommodation - Freehold Going ConcernMotel · Expressions of Interest
- 14-Room Freehold Motel, Mackay QLDMotel · Mount Pleasant, Mackay · $4,150,000
- 40-Room Freehold Motel, Armidale NSWMotel · New South Wales · $13,000,000
- 15-Key Freehold Motel, Mulwala NSWMotel · New South Wales · $2,200,000
- Multi-Use Event Space – AlphingtonFunction & Event Venue · Victoria · $80,000
- High-Turnover Seafood Takeaway - Gold CoastTakeaway · Queensland · $539,000