Korean Restaurant in South Melbourne

Korean Restaurant in South Melbourne — Food & Beverage · South Melbourne · Asking $179,000

Licensed Korean restaurant across two levels in a busy South Melbourne location Separate 40-seat function room and a good-sized commercial kitchen Liquor licence for 128 patrons; trades 7 days a week for lunch and dinner Owner selling walk-in walk-out Long lease options available

DealProspect/Listings/Food & Beverage

Korean Restaurant in South Melbourne

Restaurant

ActiveFood & BeverageVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$179,000

Disclosed · AUD

Revenue (est.)

~$576,304

Estimated · comparable listings of this type and size · typically within ±30%

Earnings

—

Implied multiple

—

Brief

Licensed Korean restaurant across two levels in a busy South Melbourne location
Separate 40-seat function room and a good-sized commercial kitchen
Liquor licence for 128 patrons; trades 7 days a week for lunch and dinner
Owner selling walk-in walk-out
Long lease options available

Restaurants in Victoria

Restaurants for sale in Victoria (247) →

Listed

247

+19 in 30 days

Median asking

$218K

202 priced

Median revenue

$1M

179 disclose

Earnings multiple

2.2×

9 listings

Price drops

in 30 days

Asking price spread202 of 247 state a price

This listing · $179K

12%

45%

24%

11%

Under $100K$2.5M–$5M

Australia 500 · New South Wales 112 · Queensland 74 · South Australia 25 · Western Australia 25

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