Long-Established Chinese Restaurant
Restaurant
ActiveHospitality & TourismB2C
Asking price
~$1,690,000
est. from headline + $40,000 stock · AUD
Revenue
$3,398,409
TTM
EBITDA
$1,427,654
Implied multiple (assumed)
~1.2×
Assumed · headline + $40,000 stock
Brief
- Long-established Chinese restaurant with a strong reputation and customer following, held by the same owners for many years.
- Well-trained team of staff.
- New 20-year lease (4x5 year options) direct from the owner, with reasonable rent.
- Prominent central location in a bustling entertainment precinct with strong street presence.
- Restaurant liquor licence in place.
- Currently run by a husband-and-wife team.
- Owners retiring.
- Scope to increase trading hours.
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