Turkish Restaurant, Niddrie

Turkish Restaurant, Niddrie — Food & Beverage · Niddrie · Asking $389,000 · Revenue $1,170,000

Licensed Turkish restaurant in a busy Niddrie location, Melbourne's western suburbs Liquor license for 42 patrons; serves breakfast, lunch and dinner plus coffee and cakes Trades 6 days, Tuesday to Sunday Long lease options available; full training provided to new owner

DealProspect/Listings/Food & Beverage

Turkish Restaurant, Niddrie

Restaurant

ActiveFood & BeverageVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$389,000

Disclosed · AUD

Revenue

$1,170,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Licensed Turkish restaurant in a busy Niddrie location, Melbourne's western suburbs
Liquor license for 42 patrons; serves breakfast, lunch and dinner plus coffee and cakes
Trades 6 days, Tuesday to Sunday
Long lease options available; full training provided to new owner

How it compares

Restaurants in Victoria · asking prices

In line with restaurants here

Restaurants here ask a median 0.27× revenue. On its $1,170,000 revenue, that points to about $316,000; reads like this are typically within 30%, so $221,000 to $411,000. It asks $389,000, inside that range.

Asking price: $389,00079% above the median of $217,500
Revenue: $1,170,000median is $1,000,000
Revenue multiple: 0.33×0.27× across the market; higher than 106 of 154
Time listed: 128 daysno price change

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 · $389K

12%

45%

24%

11%

Under $100K$2.5M–$5M

Australia 501 · New South Wales 112 · Queensland 75 · South Australia 25 · Western Australia 24

Cafes 441 · Takeaways 314 · Supermarkets 69 · General retail businesses 67 · Newsagencies 67 · Manufacturing businesses 60

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