Bar and Restaurant in Perth

Bar and Restaurant in Perth — Food & Beverage · Western Australia · Asking $860,000 · Net Profit $580,000

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

DealProspect/Listings/Food & Beverage

Bar and Restaurant in Perth

Restaurant

ActiveFood & BeverageB2C

Find funding for this deal →View original listing ↗

Asking price

$860,000

Disclosed · AUD

Revenue (est.)

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

How it compares

Restaurants in Western Australia · asking prices

In line with past restaurants like it

Past restaurants like it ask a median 1.8× earnings. On its $580,000 earnings, that points to about $1,040,000; reads like this are typically within 25%, so $780,000 to $1,300,000. It asks $860,000, inside that range.

Asking price: $860,0002.4 times the median of $357,500
Time listed: 129 daysno price change

Restaurants in Western Australia

Restaurants for sale in Western Australia (24) →

Listed

+4 in 30 days

Median asking

$358K

21 priced

Median revenue

$1.6M

8 disclose

Earnings multiple

1.8×

8 listings

Price drops

in 30 days

Asking price spread21 of 24 state a price

This listing · $860K

10%

19%

24%

33%

10%

Under $100K$2.5M–$5M

Australia 501 · Victoria 247 · New South Wales 112 · Queensland 75 · South Australia 25

Manufacturing businesses 32 · Automotive workshops 27 · Cafes 25 · Wholesale and distribution businesses 25 · General retail businesses 22 · Takeaways 22

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