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

39% below bigger restaurants here

Bigger restaurants here ask a median 0.36× revenue. On its $1,040,000 revenue, that points to about $378,000; reads like this are typically within 30%, so $265,000 to $491,000. It asks $230,000.

Asking price: $230,00016% above the median of $199,000
Revenue: $1,040,000median is $1,028,182
Revenue multiple: 0.22×0.28× 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 · $230K

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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