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DealProspect/Listings/Hospitality & Tourism

Wedding Reception & Events Venue – Aspendale

Function & Event Venue

ActiveHospitality & TourismVictoriaB2C
Asking price
$1,500,000
Disclosed · AUD
Revenue
$1,404,000
TTM
Earnings (est.)
~$282,204
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~5.3×
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.

Function and event venues in Victoria

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Listed
27
+1 in 30 days
Median asking
$690K
20 priced
Median revenue
$800K
14 disclose
Earnings multiple
5×
219 listings
Asking price spread20 of 27 state a price
This listing · $1.5M
10%
25%
35%
10%
10%
Under $100KOver $5M

Australia 46

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