Turkish Restaurant & Shisha Bar - Docklands

Turkish Restaurant & Shisha Bar - Docklands — Food & Beverage · Docklands · Asking $150,000 · Revenue $500,000

Family-owned Turkish restaurant and shisha bar in Docklands, trading for more than two decades and under the current owner for the past nine years One of the longest-running Turkish venues in the area, with an open-plan layout built around a large central bar and lounge Seats more than 110 guests Holds a full liquor licence until 1am plus a footpath dining permit and a fully equipped commercial…

DealProspect/Listings/Food & Beverage

Turkish Restaurant & Shisha Bar - Docklands

Restaurant

ActiveFood & BeverageVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$150,000

Disclosed · AUD

Revenue

$500,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Family-owned Turkish restaurant and shisha bar in Docklands, trading for more than two decades and under the current owner for the past nine years
One of the longest-running Turkish venues in the area, with an open-plan layout built around a large central bar and lounge
Seats more than 110 guests
Holds a full liquor licence until 1am plus a footpath dining permit and a fully equipped commercial kitchen
Around 40-50% of trade comes from repeat customers, on a secure lease structured as 2+5+5 years
Room to add live music, belly dancing or a kids' playroom; owner is retiring after building up the venue

How it compares

Restaurants in Victoria · asking prices

In line with restaurants here

Restaurants here ask a median 0.27× revenue. On its $500,000 revenue, that points to about $135,000; reads like this are typically within 30%, so $94,500 to $176,000. It asks $150,000, inside that range.

Asking price: $150,00031% below the median of $217,500
Revenue: $500,000median is $1,000,000
Revenue multiple: 0.3×0.27× across the market; higher than 93 of 154
Time listed: 129 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 · $150K

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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