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DealProspect/Listings/Food & Beverage

Licensed Korean Restaurant & Bar, Melbourne CBD

Restaurant

ActiveFood & BeverageVictoriaB2C
Asking price
$650,000
Disclosed · AUD
Revenue
$2,080,000
TTM
Earnings (est.)
~$399,984
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.6×
Assumed · asking ÷ estimated earnings (as advertised)

Brief

A well set up Korean restaurant and bar in the Melbourne CBD, in a prime spot with heavy foot traffic and seating for more than eighty guests. It holds a full liquor licence, is fully under management with three storage rooms, and has built a loyal following of regular diners over eight years under the same owner. A long, secure lease at reasonable rent supports an easy-to-run hospitality business.

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 · $650K
26%
39%
24%
8%
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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