Licensed Chinese Restaurant - Flemington

Licensed Chinese Restaurant - Flemington — Food & Beverage · Flemington · Asking $520,000 · Revenue $2,043,600

A well set-up Chinese restaurant on a busy Flemington commercial street, seating around 120 and run fully under management. First time offered for sale after nine years with the same owner.

DealProspect/Listings/Food & Beverage

Licensed Chinese Restaurant - Flemington

Restaurant

ActiveFood & BeverageVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$520,000

Disclosed · AUD

Revenue

$2,043,600

TTM

Earnings (est.)

~$392,984

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~1.3×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

A well set-up Chinese restaurant on a busy Flemington commercial street, seating around 120 and run fully under management. First time offered for sale after nine years with the same owner.

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

in 30 days

Asking price spread961 of 1022 state a price

This listing · $520K

26%

39%

24%

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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