Asian Restaurant, Richmond

Asian Restaurant, Richmond — Food & Beverage · Richmond, Melbourne · Asking $129,000 · Revenue $1,144,000

Well-established Asian restaurant on a busy local shopping strip with strong foot traffic Trades 6 days a week across lunch and dinner service Seating for 40 patrons in a modern, stylish fit-out Fully equipped commercial kitchen; format is adaptable to other cuisine concepts Full training provided for a smooth ownership transition

DealProspect/Listings/Food & Beverage

Asian Restaurant, Richmond

Restaurant

ActiveFood & BeverageVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$129,000

Disclosed · AUD

Revenue

$1,144,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Well-established Asian restaurant on a busy local shopping strip with strong foot traffic
Trades 6 days a week across lunch and dinner service
Seating for 40 patrons in a modern, stylish fit-out
Fully equipped commercial kitchen; format is adaptable to other cuisine concepts
Full training provided for a smooth ownership transition

How it compares

Restaurants in Victoria · asking prices

58% below restaurants here

Restaurants here ask a median 0.27× revenue. On its $1,144,000 revenue, that points to about $310,000; reads like this are typically within 30%, so $217,000 to $403,000. It asks $129,000.

Asking price: $129,00041% below the median of $217,500
Revenue: $1,144,000median is $1,040,000
Revenue multiple: 0.11×0.27× across the market; higher than 7 of 151
Time listed: 111 daysprice cut 7%, from $139,000

Restaurants in Victoria

Restaurants for sale in Victoria (242) →

Listed

242

+21 in 30 days

Median asking

$218K

198 priced

Median revenue

$1M

175 disclose

Earnings multiple

2.1×

10 listings

Price drops

in 30 days

Asking price spread198 of 242 state a price

This listing · $129K

12%

44%

24%

12%

Under $100K$2.5M–$5M

Australia 494 · New South Wales 111 · Queensland 75 · South Australia 25 · Western Australia 23

Cafes 448 · Takeaways 316 · Supermarkets 69 · General retail businesses 67 · Newsagencies 67 · Bars 60

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