Chinese Restaurant - Eastern Suburb Adelaide

Chinese Restaurant - Eastern Suburb Adelaide — Food & Beverage · Adelaide · Asking $650,000 · Revenue $1,850,000

Established Chinese restaurant in an affluent eastern Adelaide suburb Liquor licensed with a commercial kitchen and walk-in cool room Strong local reputation and a loyal, repeat customer base Experienced staff willing to remain under new ownership

DealProspect/Listings/Food & Beverage

Chinese Restaurant - Eastern Suburb Adelaide

Restaurant

ActiveFood & BeverageSouth AustraliaB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$1,850,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Established Chinese restaurant in an affluent eastern Adelaide suburb
Liquor licensed with a commercial kitchen and walk-in cool room
Strong local reputation and a loyal, repeat customer base
Experienced staff willing to remain under new ownership

How it compares

Restaurants in South Australia · asking prices

In line with bigger restaurants here

Bigger restaurants here ask a median 0.35× revenue. On its $1,850,000 revenue, that points to about $650,000; reads like this are typically within 30%, so $455,000 to $845,000. It asks $650,000, inside that range.

Asking price: $650,0003.7 times the median of $174,500
Revenue: $1,850,0002nd biggest of 15
Revenue multiple: 0.35×0.32× across the market; 0.35× for bigger ones, 0.29× for smaller
Time listed: 73 daysno price change

Restaurants in South Australia

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Listed

+6 in 30 days

Median asking

$175K

22 priced

Median revenue

$742K

15 disclose

Earnings multiple

1.3×

313 listings

Asking price spread22 of 25 state a price

This listing · $650K

32%

36%

23%

Under $100K$500K–$1M

Australia 490 · Victoria 238 · New South Wales 111 · Queensland 75 · Western Australia 23

Cafes 33 · General retail businesses 11 · Hair salons 11 · Building and construction businesses 10 · Takeaways 10 · Hotels 9

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