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DealProspect/Listings/Hospitality & Tourism

Mediterranean Restaurant & Bar, Brisbane

Restaurant

ActiveHospitality & TourismQueenslandB2C
Asking price
$1,475,000
Disclosed · AUD
Revenue
$2,990,000
TTM
Earnings (est.)
~$532,818
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~2.8×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
  • High-performing Mediterranean restaurant and bar trading under the current owner for more than 18 years
  • Popular venue for weddings, birthdays, engagements, christenings and corporate functions
  • Up to 170 seats with ample space for functions and events
  • Operates a 4-day week: Wednesday/Thursday dinner, Friday/Saturday lunch and dinner (approx. 30 service hours/week)
  • Large existing customer database
  • Lease runs to April 2028 with a further 5-year option
  • Suited to an owner-operator or as a managed investment