Korean Bar Dining Restaurant - Lower North Shore

Korean Bar Dining Restaurant - Lower North Shore — Food & Beverage · Lower North Shore, Sydney · Asking $280,000 · Revenue $567,273 · Net Profit $228,800

A licensed Korean bar-dining restaurant on the Lower North Shore, seating 40 and serving Korean share plates alongside soju, Korean craft beer and cocktails. The business is under management with a small staff team, on a lease running to 2032 with a further five-year option.

DealProspect/Listings/Food & Beverage

Korean Bar Dining Restaurant - Lower North Shore

Restaurant

ActiveFood & BeverageNew South WalesB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$567,273

TTM

Net Profit

$228,800

Implied multiple (assumed)

Brief

How it compares

Restaurants in New South Wales · asking prices

115% above restaurants here

Restaurants here ask a median 0.23× revenue. On its $567,273 revenue, that points to about $130,000; reads like this are typically within 30%, so $91,000 to $169,000. It asks $280,000.

Asking price: $280,000about the median of $270,000
Revenue: $567,273median is $1,075,318
Revenue multiple: 0.49×0.23× across the market; higher than 74 of 79
Time listed: 31 daysno price change

Restaurants in New South Wales

Restaurants for sale in New South Wales (112) →

Listed

112

+14 in 30 days

Median asking

$270K

107 priced

Median revenue

$1.1M

80 disclose

Earnings multiple

0.8×

63 listings

Price drops

in 30 days

Asking price spread107 of 112 state a price

This listing · $280K

19%

28%

36%

14%

Under $100K$1M–$2.5M

Australia 501 · Victoria 247 · Queensland 75 · South Australia 25 · Western Australia 24

Cafes 186 · Takeaways 114 · Childcare centres 85 · Manufacturing businesses 46 · Wholesale and distribution businesses 44 · General retail businesses 42

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