Restaurant Bar, Prime Inner-City
Restaurant
ActiveHospitality & TourismVictoriaB2C
Asking price
$490,000
Disclosed · AUD
Revenue
$1,330,000
TTM
Net Profit
$272,859.50
Implied multiple
1.8×
asking / earnings
Brief
- Large, long-established restaurant and bar in a prime inner-city hospitality precinct minutes from Melbourne CBD
- Seating capacity of 250+ patrons across approx. 660sqm of premises
- Ground-floor venue includes a fully licensed bar and commercial kitchen with multiple preparation areas
- Upstairs function venue with 150+ seated or 200+ standing capacity, currently unused for a couple of years
- Fully staffed operation with a manager and experienced team in place
- Owner is also the landlord, providing lease security and flexibility
- Recently reduced asking price
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