Fully Fitted Licensed Hospitality Venue, Cremorne
Hospitality Site
ActiveHospitality & TourismVictoriaB2C
Asking price
$100,000
Disclosed · AUD
Revenue
$286,000
TTM
Earnings (est.)
~$78,593
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.3×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
- Premium hospitality venue in Cremorne on the ground floor of a landmark mixed-use development
- Fully fitted with approximately $800,000 invested in fit-out, furniture, fixtures and equipment
- Full liquor licence for 100 patrons, with seating for approximately 70 (50 inside, 20 outside)
- Liquor licence until 11pm weeknights and midnight Friday and Saturday
- Commercial kitchen with extensive infrastructure included
- Long secure lease of 14 + 5 + 5 + 5 years commencing May 2024
- Currently trading Monday to Friday, 8am to 2pm
- Walk-in walk-out opportunity to rebrand with a new concept; current trading name not included
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