Gold Coast Korean Restaurant

Gold Coast Korean Restaurant — Food & Beverage · Gold Coast · Asking $120,000 · Revenue $416,000 · SDE $155,000

Established Korean restaurant on the Gold Coast trading six days a week Loyal local following with strong online reviews Lean cost structure and experienced kitchen operation Secure lease with below-market rent

DealProspect/Listings/Food & Beverage

Gold Coast Korean Restaurant

Restaurant

ActiveFood & BeverageQueenslandB2C

Find funding for this deal →View original listing ↗

Asking price

$120,000

Disclosed · AUD

Revenue

$416,000

TTM

Earnings

$155,000

Implied multiple

0.8×

asking / earnings

Brief

Established Korean restaurant on the Gold Coast trading six days a week
Loyal local following with strong online reviews
Lean cost structure and experienced kitchen operation
Secure lease with below-market rent

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 $416,000 revenue, that points to about $102,000; reads like this are typically within 30%, so $71,400 to $133,000. It asks $120,000, inside that range.

Asking price: $120,00040% below the median of $199,000
Revenue: $416,000median is $1,040,000
Revenue multiple: 0.29×0.29× across the market; 0.36× for bigger ones, 0.25× for smaller
Time listed: 129 daysprice cut 25%, from $160,000

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 · $120K

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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