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Cocktail bar and Asian fusion restaurant, Sydney beachside

Restaurant

ActiveFood & BeverageNew South WalesB2C
Asking price
~$284,000
est. from headline + $14,000 stock · AUD
Revenue
$1,890,909
TTM
Net Profit
$396,968
Implied multiple (assumed)
~0.7×
Assumed · headline + $14,000 stock

Brief

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.

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 $433,000; reads like this are typically within 30%, so $303,000 to $563,000. It asks $270,000.

Asking price
$270,000about the median of $274,500
Revenue
$1,890,909median is $1,122,500
Revenue multiple
0.14×0.23× across the market; higher than 13 of 75
Time listed
18 daysno price change

Restaurants in New South Wales

Restaurants for sale in New South Wales (109) →
Listed
109
+12 in 30 days
Median asking
$275K
104 priced
Median revenue
$1.1M
76 disclose
Earnings multiple
0.8×
60 listings
Price drops
12
in 30 days
Asking price spread104 of 109 state a price
This listing · $270K
18%
28%
36%
13%
5%
Under $100K$1M–$2.5M

Australia 495 · Victoria 249 · Queensland 74 · South Australia 24 · Western Australia 24

Cafes 194 · Takeaways 114 · Childcare centres 83 · Manufacturing businesses 49 · General retail businesses 48 · Wholesale and distribution businesses 44

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