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DealProspect/Listings/Food & Beverage

Steak Restaurant, Central Queensland

Restaurant

ActiveFood & BeverageB2C
Asking price
$380,000
Disclosed · AUD
Revenue
$1,560,000
TTM
Earnings (est.)
~$278,460
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.4×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
  • Well-established premium steak restaurant in the beef region of Queensland, opened over 10 years ago
  • Fully managed operation with an experienced team of full-time and casual staff
  • 500 sqm site with 2 years remaining on lease plus a 10-year option
  • Seating for 180 with a long bar and separate indoor/outdoor dining
  • Extensive premium kitchen fit-out and function room potential
  • Extensive database of loyal clients; seller to assist with handover