Korean Restaurant, Inner West Sydney

Korean Restaurant, Inner West Sydney — Food & Beverage · Inner West Sydney · Asking $380,000 · Revenue $1,158,000 · Net Profit $412,000

Korean-Japanese fusion restaurant on a cafe/restaurant strip in the Inner West 78 seats, liquor licence for soju to 11pm 180 sqm premises including outdoor area, lease to April 2027 Trades 6 days, closed Mondays 1 owner working full time plus 2 full-time and 3 part-time staff

DealProspect/Listings/Food & Beverage

Korean Restaurant, Inner West Sydney

Restaurant

ActiveFood & BeverageNew South WalesB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$1,158,000

TTM

Net Profit

$412,000

Implied multiple (assumed)

Brief

Korean-Japanese fusion restaurant on a cafe/restaurant strip in the Inner West
78 seats, liquor licence for soju to 11pm
180 sqm premises including outdoor area, lease to April 2027
Trades 6 days, closed Mondays
1 owner working full time plus 2 full-time and 3 part-time staff

How it compares

Restaurants in New South Wales · asking prices

43% above restaurants here

Restaurants here ask a median 0.23× revenue. On its $1,158,000 revenue, that points to about $266,000; reads like this are typically within 30%, so $186,000 to $346,000. It asks $380,000.

Asking price: $380,00041% above the median of $270,000
Revenue: $1,158,000median is $1,075,318
Revenue multiple: 0.33×0.23× across the market; higher than 60 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 · $380K

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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