City Restaurant – Adelaide

City Restaurant – Adelaide — Food & Beverage · Adelaide · Asking Expressions of Interest

Licensed restaurant in a prominent East End location in central Adelaide. Quality fit-out with indoor seating plus a covered alfresco area. Currently trades a limited five dinner and three lunch services a week by vendor choice. Licensed 11am to 11pm, seven days, with scope to extend to full lunch and dinner trade. Adaptable layout suited to a range of cuisines and to functions and events. Sale…

DealProspect/Listings/Food & Beverage

City Restaurant – Adelaide

Restaurant

ActiveFood & BeverageSouth AustraliaB2C

Find funding for this deal →View original listing ↗

Asking price

Expressions of Interest

Disclosed · AUD

Revenue

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Earnings

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Implied multiple

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Brief

Licensed restaurant in a prominent East End location in central Adelaide.
Quality fit-out with indoor seating plus a covered alfresco area.
Currently trades a limited five dinner and three lunch services a week by vendor choice.
Licensed 11am to 11pm, seven days, with scope to extend to full lunch and dinner trade.
Adaptable layout suited to a range of cuisines and to functions and events.
Sale is described by the broker as reluctant.

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Listed

+6 in 30 days

Median asking

$175K

22 priced

Median revenue

$742K

15 disclose

Earnings multiple

1.3×

313 listings

Asking price spread22 of 25 state a price

32%

36%

23%

Under $100K$500K–$1M

Australia 494 · Victoria 242 · New South Wales 111 · Queensland 75 · Western Australia 23

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