Cocktail bar and Asian fusion restaurant, Sydney beachside

Cocktail bar and Asian fusion restaurant, Sydney beachside — Food & Beverage · Sydney (beachside) · Asking $270,000 · Revenue $1,890,909 · Net Profit $396,968

A cocktail bar and Asian-fusion restaurant at one of Sydney's busiest beachside tourist spots, seating 172 across a multi-level fit-out. It takes around $40,000 a week and is being sold because the owner lives too far away to keep running it.

DealProspect/Listings/Food & Beverage

Cocktail bar and Asian fusion restaurant, Sydney beachside

Restaurant

ActiveFood & BeverageNew South WalesB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$1,890,909

TTM

Net Profit

$396,968

Implied multiple (assumed)

Brief

How it compares

Restaurants in New South Wales · asking prices

38% below restaurants here

Restaurants here ask a median 0.23× revenue. On its $1,890,909 revenue, that points to about $434,000; reads like this are typically within 30%, so $304,000 to $564,000. It asks $270,000.

Asking price: $270,000about the median of $270,000
Revenue: $1,890,909median is $1,075,318
Revenue multiple: 0.14×0.23× across the market; higher than 15 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 · $270K

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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