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Fully Fitted Licensed Hospitality Venue, Cremorne

Hospitality Site

ActiveHospitality & TourismVictoriaB2C
Asking price
$100,000
Disclosed · AUD
Revenue
$286,000
TTM
Earnings (est.)
~$59,543
Estimated · comparable listings of this type and size · typically within ±30%
Implied multiple (assumed)
~1.7×
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

Hospitality site businesses in Victoria

Hospitality site businesses for sale in Victoria (21) →
Listed
21
+2 in 30 days
Median asking
$365K
10 priced
Median revenue
$1.4M
5 disclose
Earnings multiple
2.9×
38 listings
Price drops
1
in 30 days
Asking price spread10 of 21 state a price
This listing · $100K
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Under $100KOver $5M

Australia 33

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