Bar and Restaurant in Perth
Restaurant
ActiveHospitality & TourismB2C
Asking price
$860,000
Disclosed · AUD
Revenue (est.)
~$2,811,440
Estimated · comparable listings of this type and size
Net Profit
$580,000
Implied multiple
1.5×
asking / earnings
Brief
- Highly successful bar and restaurant with a huge social media presence and a unique reputation
- Gross profit margin of 72% in 2023
- Currently run under management, with owners spending under 3 hours a week on the business
- Located in one of Perth's busiest hospitality precincts with high foot traffic
- First crowd-funded permanent restaurant in Australia; won a major hospitality award in 2023
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