Chinese Restaurant - Wollongong

Chinese Restaurant - Wollongong — Food & Beverage · Wollongong · Asking $188,000 · Revenue $803,636 · Net Profit $322,920

Chinese cuisine restaurant facing a car park and street at a large Wollongong shopping centre, serving chicken, beef, soup and licensed drinks from a full kitchen with 120 seats and a walk-in cool room. Recently refurbished in 2019. Run by two owners with two full timers and casual staff; the lease runs to March 2027.

DealProspect/Listings/Food & Beverage

Chinese Restaurant - Wollongong

Restaurant

ActiveFood & BeverageNew South WalesB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$803,636

TTM

Net Profit

$322,920

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 $803,636 revenue, that points to about $185,000; reads like this are typically within 30%, so $129,000 to $241,000. It asks $188,000, inside that range.

Asking price: $188,00030% below the median of $270,000
Revenue: $803,636median is $1,075,318
Revenue multiple: 0.23×0.23× across the market; higher than 41 of 79
Time listed: 32 daysno price change

Restaurants in New South Wales

Restaurants for sale in New South Wales (111) →

Listed

111

+14 in 30 days

Median asking

$270K

106 priced

Median revenue

$1.1M

80 disclose

Earnings multiple

0.8×

63 listings

Price drops

in 30 days

Asking price spread106 of 111 state a price

This listing · $188K

18%

29%

35%

14%

Under $100K$1M–$2.5M

Australia 490 · Victoria 238 · Queensland 75 · South Australia 25 · Western Australia 23

Cafes 185 · Takeaways 115 · Childcare centres 86 · Manufacturing businesses 46 · Wholesale and distribution businesses 44 · General retail businesses 42

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