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DealProspect/Listings/Hospitality & Tourism

Italian Restaurant on Sydney Harbour

Restaurant

ActiveHospitality & TourismB2C
Asking price
~$343,070
est. from comparable listings of this type and size · typically within ±30% · AUD
Revenue
$1,300,000
TTM
Earnings (est.)
~$232,050
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.5×
Assumed · estimated price ÷ estimated earnings (as advertised)
Brief
  • Top position on Sydney Harbour with harbour views
  • Open only Wednesday to Saturday
  • Plenty of storage, chef's kitchen and an office
  • Potential to grow with functions and corporate events
  • Council lease with low rent
  • Seating for 80 indoor and 40 outdoor plus a courtyard
  • Established for over 11 years