Function & Event Venue -- North Melbourne

Function & Event Venue -- North Melbourne — Hospitality & Tourism · North Melbourne · Asking $1,100,000 · Revenue $1,560,000

Fully fitted function and event venue near the Melbourne CBD with a complete commercial kitchen, licensed bar and capacity for roughly 300 guests. Professionally branded with recent renovation investment, it hosts on-site events and offers off-site catering as an additional revenue stream.

DealProspect/Listings/Hospitality & Tourism

Function & Event Venue -- North Melbourne

Function & Event Venue

ActiveHospitality & TourismVictoria

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Asking price

$1,100,000

Disclosed · AUD

Revenue

$1,560,000

TTM

Earnings (est.)

~$612,068

Estimated · comparable listings of this type and size · typically within ±30%

Implied multiple (assumed)

~1.8×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Function and event venues in Victoria

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Listed

+1 in 30 days

Median asking

$625K

14 priced

Median revenue

$1.2M

7 disclose

Earnings multiple

2.8×

27 listings

Asking price spread14 of 16 state a price

This listing · $1.1M

14%

21%

29%

14%

Under $100KOver $5M

Australia 20

Restaurants 1022 · Takeaways 927 · Cafes 885 · Liquor stores 145 · Convenience stores 141 · Bakeries 127

Priced like this one

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