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DealProspect/Listings/Food & Beverage

City Restaurant – Adelaide

Restaurant

ActiveFood & BeverageSouth AustraliaB2C
Asking price
Expressions of Interest
Disclosed · AUD
Revenue
—
Earnings
—
Implied multiple
—

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.
Listed
30
+7 in 30 days
Median asking
$150K
27 priced
Median revenue
$742K
17 disclose
Earnings multiple
1.3×
388 listings
Price drops
4
in 30 days
Asking price spread27 of 30 state a price
37%
26%
15%
19%
4%
Under $100K$2.5M–$5M

Australia 1305 · Victoria 1022 · New South Wales 138 · Queensland 72 · Western Australia 23

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