City Fringe Italian Restaurant and Bar

City Fringe Italian Restaurant and Bar — Food & Beverage · South Australia · Asking $49,500 + SAV · Revenue $1,300,000

City fringe restaurant and bar built around an authentic Italian dining concept House-made pasta, risotto, polenta dishes and seafood-driven menu Seating for approximately 64 inside and 24 outside, licensed for up to 150 patrons Operates lunch and dinner, 5 days a week, with functions and private dining capability Heritage character combined with a modern fit-out, plus a private driveway for…

DealProspect/Listings/Food & Beverage

City Fringe Italian Restaurant and Bar

Restaurant

ActiveFood & BeverageB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$1,300,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

City fringe restaurant and bar built around an authentic Italian dining concept
House-made pasta, risotto, polenta dishes and seafood-driven menu
Seating for approximately 64 inside and 24 outside, licensed for up to 150 patrons
Operates lunch and dinner, 5 days a week, with functions and private dining capability
Heritage character combined with a modern fit-out, plus a private driveway for parking

How it compares

Restaurants in South Australia · asking prices

89% below bigger restaurants here

Bigger restaurants here ask a median 0.35× revenue. On its $1,300,000 revenue, that points to about $457,000; reads like this are typically within 30%, so $320,000 to $594,000. It asks $49,500.

Asking price: $49,50072% below the median of $174,500
Revenue: $1,300,000median is $742,000
Revenue multiple: 0.04×0.32× across the market; 0.35× for bigger ones, 0.29× for smaller
Time listed: 129 daysprice cut 50%, from $99,000

Restaurants in South Australia

Restaurants for sale in South Australia (25) →

Listed

+6 in 30 days

Median asking

$175K

22 priced

Median revenue

$742K

15 disclose

Earnings multiple

1.3×

312 listings

Asking price spread22 of 25 state a price

This listing · $50K

32%

36%

23%

Under $100K$500K–$1M

Australia 501 · Victoria 247 · New South Wales 112 · Queensland 75 · Western Australia 24

Cafes 34 · General retail businesses 11 · Hair salons 11 · Building and construction businesses 10 · Hotels 10 · Takeaways 10

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