Long-Established Chinese Restaurant

Long-Established Chinese Restaurant — Food & Beverage · Greater Perth · Asking $1,650,000 + S.A.V · Revenue $3,398,409 · EBITDA $1,427,654

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…

DealProspect/Listings/Food & Beverage

Long-Established Chinese Restaurant

Restaurant

ActiveFood & BeverageWestern AustraliaB2C

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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.

Restaurants in Western Australia

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Listed

+4 in 30 days

Median asking

$450K

21 priced

Median revenue

$2M

7 disclose

Earnings multiple

1.6×

8 listings

Asking price spread21 of 24 state a price

This listing · $1.6M

10%

14%

33%

24%

10%

Under $100K$2.5M–$5M

Australia 1268 · Victoria 1024 · New South Wales 101 · Queensland 72 · South Australia 28

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