Waterfront Restaurant and Bar - Patterson Lakes

Waterfront Restaurant and Bar - Patterson Lakes — Food & Beverage · Patterson Lakes, Melbourne · Asking $79,000 · Revenue $520,000

Near-new waterfront restaurant and bar in Patterson Lakes, about two years old, with seating for around 50 inside and out Modern fit-out, commercial kitchen and walk-in facilities with a liquor licence Trades limited lunch and dinner hours, so there is clear room to extend hours and add functions or takeaway Online ordering and delivery platforms already set up Advertised as a chattel sale…

DealProspect/Listings/Food & Beverage

Waterfront Restaurant and Bar - Patterson Lakes

Restaurant

ActiveFood & BeverageVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$79,000

Disclosed · AUD

Revenue

$520,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Near-new waterfront restaurant and bar in Patterson Lakes, about two years old, with seating for around 50 inside and out
Modern fit-out, commercial kitchen and walk-in facilities with a liquor licence
Trades limited lunch and dinner hours, so there is clear room to extend hours and add functions or takeaway
Online ordering and delivery platforms already set up
Advertised as a chattel sale because of the owner's change in family circumstances

How it compares

Restaurants in Victoria · asking prices

44% below restaurants here

Restaurants here ask a median 0.27× revenue. On its $520,000 revenue, that points to about $141,000; reads like this are typically within 30%, so $98,700 to $183,000. It asks $79,000.

Asking price: $79,00064% below the median of $217,500
Revenue: $520,000median is $1,040,000
Revenue multiple: 0.15×0.27× across the market; higher than 20 of 151
Time listed: 24 daysno price change

Restaurants in Victoria

Restaurants for sale in Victoria (247) →

Listed

247

+19 in 30 days

Median asking

$218K

202 priced

Median revenue

$1M

179 disclose

Earnings multiple

2.2×

9 listings

Price drops

in 30 days

Asking price spread202 of 247 state a price

This listing · $79K

12%

45%

24%

11%

Under $100K$2.5M–$5M

Australia 501 · New South Wales 112 · Queensland 75 · South Australia 25 · Western Australia 24

Cafes 441 · Takeaways 314 · Supermarkets 69 · General retail businesses 67 · Newsagencies 67 · Manufacturing businesses 60

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