Chinese Restaurant, Gold Coast

Chinese Restaurant, Gold Coast — Food & Beverage · Gold Coast · Asking $198,000 · Revenue $780,000 · Net Profit $300,000

Chinese restaurant established 45 years ago in a Gold Coast suburb Present owner took over the business in 2019 Liquor licence in place, trades mainly evenings Long-term lease to 2029 including further options Owners retiring and relocating to China

DealProspect/Listings/Food & Beverage

Chinese Restaurant, Gold Coast

Restaurant

ActiveFood & BeverageQueenslandB2C

Find funding for this deal →View original listing ↗

Asking price

$198,000

Disclosed · AUD

Revenue

$780,000

TTM

Net Profit

$300,000

Implied multiple

0.7×

asking / earnings

Brief

Chinese restaurant established 45 years ago in a Gold Coast suburb
Present owner took over the business in 2019
Liquor licence in place, trades mainly evenings
Long-term lease to 2029 including further options
Owners retiring and relocating to China

How it compares

Restaurants in Queensland · asking prices

In line with smaller restaurants here

Smaller restaurants here ask a median 0.25× revenue. On its $780,000 revenue, that points to about $192,000; reads like this are typically within 30%, so $134,000 to $250,000. It asks $198,000, inside that range.

Asking price: $198,000about the median of $199,000
Revenue: $780,000median is $1,028,182
Revenue multiple: 0.25×0.28× across the market; 0.36× for bigger ones, 0.25× for smaller
Time listed: 126 daysno price change

Restaurants in Queensland

Restaurants for sale in Queensland (74) →

Listed

+8 in 30 days

Median asking

$199K

71 priced

Median revenue

$1M

34 disclose

Earnings multiple

1.2×

12 listings

Price drops

in 30 days

Asking price spread71 of 74 state a price

This listing · $198K

51%

15%

13%

Under $100K$2.5M–$5M

Australia 500 · Victoria 247 · New South Wales 112 · South Australia 25 · Western Australia 25

Cafes 142 · Takeaways 107 · Automotive workshops 75 · General retail businesses 63 · Manufacturing businesses 56 · Hair salons 52

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