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DealProspect/Listings/Food & Beverage

Licensed Chinese Restaurant, Cremorne

Restaurant

ActiveFood & BeverageVictoriaB2C
Asking price
$238,000
Disclosed · AUD
Revenue
$1,040,000
TTM
Earnings (est.)
~$199,992
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.2×
Assumed · asking ÷ estimated earnings (as advertised)

Brief

A well-established Chinese restaurant for sale in Cremorne, near the train station with main road exposure and heavy foot traffic. The spacious, bright premises include a full commercial kitchen and a full liquor licence. This is a highly stable, profitable business that is ready for a new owner to walk in and start trading immediately.

Restaurants in Victoria

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Listed
1022
+184 in 30 days
Median asking
$178K
961 priced
Median revenue
$780K
923 disclose
Earnings multiple
1.8×
24 listings
Price drops
17
in 30 days
Asking price spread961 of 1022 state a price
This listing · $238K
26%
39%
24%
0%
Under $100K$2.5M–$5M

Australia 1265 · New South Wales 91 · Queensland 70 · South Australia 26 · Western Australia 22

Takeaways 927 · Cafes 885 · Liquor stores 145 · Convenience stores 141 · Bakeries 127 · General retail businesses 125

Priced like this one

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