Established Burger & Casual Dining Venue, Cheltenham
Restaurant
ActiveHospitality & TourismVictoriaB2C
Asking price
~$150,914
est. from comparable listings of this type and size · typically within ±30% · AUD
Revenue
$546,000
TTM
Earnings (est.)
~$137,701
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.1×
Assumed · estimated price ÷ estimated earnings (as advertised)
Brief
- Long-standing hospitality business on a large corner site in busy Cheltenham
- Operating for over 10 years, known for its burger offering and casual dining appeal
- Well set up with ample indoor seating, large commercial kitchen and cool room
- Holds a liquor licence with generous front-of-house space
- Plenty of secure off-street parking
- Secure 5-year lease commencing 1 May 2023, landlord open to extending
- Staff support in place with owner offering a smooth handover
- Scope to open earlier for coffee, breakfast and cafe-style trade
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