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Eric Iffland
First Choice Business Brokers - Toledo #242
Serving Lucas County, OH
Since our founding in 1994, First Choice Business Brokers has grown to become one of the nation's most trusted business sales specialists. We have listed and managed the sale of over $7.5 billion in successful business transactions. First Choice Business Brokers provides you with the benefits that only come from experience and years of proven, tested results. Our goal is to give you the kind of foundation you need to make strong business decisions and plan your exit strategy. We are a business brokerage firm, specializing in the sale and purchase of small to medium size main street businesses and commercial properties. Our Toledo office is led by President/Owner Eric Iffland an industry veteran with 35+ years of experience in sales, marketing, and business ownership.
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| Market Overview | Listings for Sale (Median) | Total Market (Average) |
|---|---|---|
| Number of Businesses Analyzed | 146 | 23,511 |
| Asking Price | $250,000 | - |
| Reported Revenue | $748,010 | $925,038 |
| Reported Seller's Discretionary Earnings | $125,000 | $27,751 |
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $149,000 | $250,000 | $413,450 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Chinese Restaurants for sale.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $397,000 | $74,782 |
| Median | $748,010 | $125,000 |
| Upper Quartile | $1,164,960 | $236,862 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Chinese Restaurants listed for sale.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.26 | 1.30 |
| Median | 0.36 | 1.82 |
| Upper Quartile | 0.51 | 2.53 |
FAQ's
How much does it cost to buy a Chinese Restaurant?
The median asking price for an established Chinese Restaurant is $250,000, though prices range from under $149,000 to well over $413,450.
How much do Chinese Restaurants owners earn?
The median reported revenue of Chinese Restaurants is $748,010 and owners earn a median of $125,000, which includes the owners salary and any other financial benefits they receive.
How do I value a Chinese Restaurant?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Chinese Restaurants, revenue multiples range from 0.26 to 0.51, with a median of 0.36. Earning multiples range from 1.30 to 2.53, with the median at 1.82. This means the typical Chinese Restaurant may ask for around 0.36 times its annual revenue, and 1.82 times its annual owner earnings.
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