Waterfront Restaurant, Patterson Lakes

Waterfront Restaurant, Patterson Lakes — Food & Beverage · Patterson Lakes, VIC · Asking $89,000 · Revenue $416,000

Waterfront restaurant with a beautiful ambience, trades 6 days a week Licensed, with a fully set-up commercial kitchen Plenty of free on-site parking Inside and outside seating Potential to increase takings via food order platforms Would suit an owner-operator

DealProspect/Listings/Food & Beverage

Waterfront Restaurant, Patterson Lakes

Restaurant

ActiveFood & BeverageVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$89,000

Disclosed · AUD

Revenue

$416,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Waterfront restaurant with a beautiful ambience, trades 6 days a week
Licensed, with a fully set-up commercial kitchen
Plenty of free on-site parking
Inside and outside seating
Potential to increase takings via food order platforms
Would suit an owner-operator

How it compares

Restaurants in Victoria · asking prices

In line with restaurants here

Restaurants here ask a median 0.27× revenue. On its $416,000 revenue, that points to about $113,000; reads like this are typically within 30%, so $79,100 to $147,000. It asks $89,000, inside that range.

Asking price: $89,00060% below the median of $220,000
Revenue: $416,000median is $1,040,000
Revenue multiple: 0.21×0.27× across the market; higher than 43 of 150
Time listed: 112 daysno price change

Restaurants in Victoria

Restaurants for sale in Victoria (238) →

Listed

238

+21 in 30 days

Median asking

$220K

194 priced

Median revenue

$1M

174 disclose

Earnings multiple

2.1×

10 listings

Price drops

in 30 days

Asking price spread194 of 238 state a price

This listing · $89K

11%

45%

24%

12%

Under $100K$2.5M–$5M

Australia 490 · New South Wales 111 · Queensland 75 · South Australia 25 · Western Australia 23

Cafes 442 · Takeaways 314 · Supermarkets 69 · General retail businesses 67 · Newsagencies 67 · Bars 60

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