Korean Street Food Takeaway Franchise, South Sydney

Korean Street Food Takeaway Franchise, South Sydney — Food & Beverage · South Sydney · Asking $59,000 + SAV · Revenue $661,818 · Net Profit $123,448

Korean street food takeaway franchise in a food court of a major South Sydney shopping centre Menu includes fried chicken, tteokbokki, gimbap and skewers; simple operation in a fully fitted compact shop Open seven days and run under management with full-time and part-time staff Franchise royalty applies as a percentage of gross sales Lease runs eight years from 2023

DealProspect/Listings/Food & Beverage

Korean Street Food Takeaway Franchise, South Sydney

Takeaway

ActiveFood & BeverageNew South WalesB2C

Find funding for this deal →View original listing ↗

Asking price

Revenue

$661,818

TTM

Net Profit

$123,448

Implied multiple (assumed)

Brief

Korean street food takeaway franchise in a food court of a major South Sydney shopping centre
Menu includes fried chicken, tteokbokki, gimbap and skewers; simple operation in a fully fitted compact shop
Open seven days and run under management with full-time and part-time staff
Franchise royalty applies as a percentage of gross sales
Lease runs eight years from 2023

How it compares

Takeaways in New South Wales · asking prices

69% below takeaways here

Takeaways here ask a median 0.29× revenue. On its $661,818 revenue, that points to about $192,000; reads like this are typically within 30%, so $134,000 to $250,000. It asks $59,000.

Asking price: $59,00073% below the median of $215,000
Revenue: $661,818median is $768,182
Revenue multiple: 0.09×0.29× across the market; higher than 3 of 75
Time listed: 31 daysprice cut 70%, from $199,000

Takeaways in New South Wales

Takeaways for sale in New South Wales (114) →

Listed

114

+9 in 30 days

Median asking

$215K

109 priced

Median revenue

$768K

78 disclose

Earnings multiple

1×

51 listings

Price drops

in 30 days

Asking price spread109 of 114 state a price

This listing · $59K

17%

40%

31%

Under $100K$1M–$2.5M

Australia 577 · Victoria 314 · Queensland 107 · Western Australia 22 · South Australia 10

Cafes 186 · Restaurants 112 · Childcare centres 85 · Manufacturing businesses 46 · Wholesale and distribution businesses 44 · General retail businesses 42

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