Convenience Store, Eastern Melbourne

Convenience Store, Eastern Melbourne — Retail · Eastern Suburbs, Melbourne, VIC · Asking $59,000

Convenience store with takeaway food in Melbourne's Eastern Suburbs, trading over 9 years Open 7 days a week, 7am-11pm Attached 3-bedroom residence is sub-let, offsetting the store's rent Approximately 120 sqm with indoor and outdoor seating Liquor licence (takeaway) pending

DealProspect/Listings/Retail

Convenience Store, Eastern Melbourne

Convenience Store

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$59,000

Disclosed · AUD

Revenue (est.)

~$234,499

Estimated · comparable listings of this type and size · typically within ±30%

Earnings (est.)

~$40,210

Estimated · comparable listings of this type and size · typically within ±25%

Typical multiple

~1.5×

comparable listings of this type and size · typically within ±25%

Brief

Convenience store with takeaway food in Melbourne's Eastern Suburbs, trading over 9 years
Open 7 days a week, 7am-11pm
Attached 3-bedroom residence is sub-let, offsetting the store's rent
Approximately 120 sqm with indoor and outdoor seating
Liquor licence (takeaway) pending

Convenience stores in Victoria

Convenience stores for sale in Victoria (28) →

Listed

+4 in 30 days

Median asking

$190K

25 priced

Median revenue

$572K

21 disclose

Earnings multiple

2.4×

189 listings

Price drops

in 30 days

Asking price spread25 of 28 state a price

This listing · $59K

36%

24%

12%

Under $100K$1M–$2.5M

Australia 56 · Queensland 14

Cafes 436 · Takeaways 315 · Restaurants 247 · General retail businesses 71 · Newsagencies 67 · Supermarkets 67

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