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DealProspect/Listings/Hospitality & Tourism

Gladstone Hotel, Dookie

Hotel

ActiveHospitality & TourismVictoriaB2C
Asking price
$120,000
Disclosed · AUD
Revenue
Earnings (est.)
~$32,848
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~3.7×
Assumed · asking ÷ estimated earnings (as advertised)

Brief

  • Leasehold country hotel in Dookie, the township's only hotel, servicing the local farming community
  • Approx. 25 minutes from Shepparton, Benalla and Wangaratta; trade supported by the nearby University of Melbourne Dookie Campus
  • Public bar and bistro plus two beer gardens, including an undercover area with pool table
  • Upstairs manager's residence with eight bedrooms and two bathrooms, currently owner-occupied, with potential for guest accommodation
  • Currently run by the owner-operators

Hotels in Victoria

All 44
Listed
44
+25 in 30 days
Median asking
$720K
36 priced
Median revenue
$2.8M
5 disclose
Earnings multiple
212 listings
Time listed
41d
6 tracked
Price drops
1
in 30 days
Asking price spread36 of 44 state a price
This listing · $120K
22%
14%
19%
19%
14%
8%
Under $100KOver $5M

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