Korean BBQ Restaurant, Southern Gold Coast

Korean BBQ Restaurant, Southern Gold Coast — Food & Beverage · Gold Coast · Asking $230,000 · Revenue $1,040,000 · Net Profit $120,000

Licensed Korean BBQ restaurant close to a Southern Gold Coast beach Operates under management with an experienced staff team Long-term lease in place with low rent and overheads Strong local reputation and social media presence

DealProspect/Listings/Food & Beverage

Korean BBQ Restaurant, Southern Gold Coast

Restaurant

ActiveFood & BeverageQueenslandB2C

Find funding for this deal →View original listing ↗

Asking price

$230,000

Disclosed · AUD

Revenue

$1,040,000

TTM

Net Profit

$120,000

Implied multiple

1.9×

asking / earnings

Brief

Licensed Korean BBQ restaurant close to a Southern Gold Coast beach
Operates under management with an experienced staff team
Long-term lease in place with low rent and overheads
Strong local reputation and social media presence

How it compares

Restaurants in Queensland · asking prices

38% below bigger restaurants here

Bigger restaurants here ask a median 0.36× revenue. On its $1,040,000 revenue, that points to about $370,000; reads like this are typically within 30%, so $259,000 to $481,000. It asks $230,000.

Asking price: $230,00016% above the median of $199,000
Revenue: $1,040,000median is $1,040,000
Revenue multiple: 0.22×0.29× across the market; 0.36× for bigger ones, 0.25× for smaller
Time listed: 129 daysno price change

Restaurants in Queensland

Restaurants for sale in Queensland (75) →

Listed

+10 in 30 days

Median asking

$199K

72 priced

Median revenue

$1M

35 disclose

Earnings multiple

1.3×

13 listings

Price drops

in 30 days

Asking price spread72 of 75 state a price

This listing · $230K

50%

15%

14%

Under $100K$2.5M–$5M

Australia 494 · Victoria 242 · New South Wales 111 · South Australia 25 · Western Australia 23

Cafes 139 · Takeaways 108 · Automotive workshops 75 · General retail businesses 59 · Manufacturing businesses 57 · Hair salons 54

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