Busy Haymarket Korean Restaurant

Busy Haymarket Korean Restaurant — Food & Beverage · Haymarket, Sydney · Asking $400,000 · Revenue $2,174,545 · Net Profit $650,000

A licensed Korean restaurant in Haymarket near Central Station and Chinatown, seating 108 across two levels with a food lift between floors. The business trades under a semi-management staffing structure and holds a liquor licence to 2am, on a five-year lease from November 2023.

DealProspect/Listings/Food & Beverage

Busy Haymarket Korean Restaurant

Restaurant

ActiveFood & BeverageNew South WalesB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$2,174,545

TTM

Net Profit

$650,000

Implied multiple (assumed)

Brief

How it compares

Restaurants in New South Wales · asking prices

In line with restaurants here

Restaurants here ask a median 0.23× revenue. On its $2,174,545 revenue, that points to about $499,000; reads like this are typically within 30%, so $349,000 to $649,000. It asks $400,000, inside that range.

Asking price: $400,00048% above the median of $270,000
Revenue: $2,174,545median is $1,075,318
Revenue multiple: 0.18×0.23× across the market; higher than 27 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 · $400K

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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