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DealProspect/Listings/Hospitality & Tourism

Established Burger & Casual Dining Venue, Cheltenham

Restaurant

ActiveHospitality & TourismVictoriaB2C
Asking price
~$148,239
est. from comparable listings of this type and size · typically within ±50% · AUD
Revenue
$546,000
TTM
Earnings (est.)
~$137,701
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.1×
Assumed · estimated price ÷ estimated earnings (as advertised)

Brief

  • Long-standing hospitality business on a large corner site in busy Cheltenham
  • Operating for over 10 years, known for its burger offering and casual dining appeal
  • Well set up with ample indoor seating, large commercial kitchen and cool room
  • Holds a liquor licence with generous front-of-house space
  • Plenty of secure off-street parking
  • Secure 5-year lease commencing 1 May 2023, landlord open to extending
  • Staff support in place with owner offering a smooth handover
  • Scope to open earlier for coffee, breakfast and cafe-style trade

Restaurants in Victoria

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Listed
1020
+183 in 30 days
Median asking
$178K
976 priced
Median revenue
$780K
928 disclose
Earnings multiple
1.8×
25 listings
Price drops
17
in 30 days
Asking price spread976 of 1020 state a price
26%
39%
24%
0%
Under $100K$2.5M–$5M

Australia 1265 · New South Wales 92 · Queensland 70 · South Australia 28 · Western Australia 22

Takeaways 927 · Cafes 889 · Liquor stores 145 · Convenience stores 140 · Bakeries 127 · General retail businesses 126

Priced like this one

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