Korean Restaurant - Sydney CBD, NSW (Under Management)

Korean Restaurant - Sydney CBD, NSW (Under Management) — Food & Beverage · Sydney CBD · Asking $175,000 · Revenue $1,654,545 · Net Profit $520,208

A Korean restaurant on a busy Sydney CBD road serving fried chicken and traditional dishes with a liquor licence until 2am, seating around 54. Fully under management with a team of full and part-time staff, drawing strong delivery sales from nearby apartments.

DealProspect/Listings/Food & Beverage

Korean Restaurant - Sydney CBD, NSW (Under Management)

Restaurant

ActiveFood & BeverageNew South WalesB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$1,654,545

TTM

Net Profit

$520,208

Implied multiple (assumed)

Brief

How it compares

Restaurants in New South Wales · asking prices

54% below restaurants here

Restaurants here ask a median 0.23× revenue. On its $1,654,545 revenue, that points to about $380,000; reads like this are typically within 30%, so $266,000 to $494,000. It asks $175,000.

Asking price: $175,00035% below the median of $270,000
Revenue: $1,654,545median is $1,075,318
Revenue multiple: 0.11×0.23× across the market; higher than 9 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 · $175K

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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