The Red Velvet Lounge

Hobart, Hobart and South, TASListing 2888 · Listed 18 October 2026

Stock photo: a variety of ice cream cones and cups displayed in a cozy store setting. — Stock photo, not this business: no photos supplied by the broker. Photo by El gringo photo on Pexels.

Asking price: $125,000
Turnover: $850,000per year, as stated by the seller
Net profit: Not published
Years trading: Not published

About this business

Restaurant for sale in Hobart, TAS. Asking price $125,000. The listing states $850,000 annual turnover. Listed by LINK Business Brokers Tasmania. Enquiries go directly to the broker. Figures are as published by the broker and have not been verified by BizExchange.

Location

Shown at city level only. The exact address is shared by the seller after a confidentiality agreement.

Hobart, TAS

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Market context

23 restaurants and takeaway businesses are for sale in Tasmania on BizExchange, including this one. Across Australia, restaurants and takeaway listings ask a median of 1.7 times their stated profit, from 94 listings that show both figures. These are asking prices, not sale prices.

All restaurants and takeaway for sale in Tasmania · What is my business worth?