Hoppers Crossing Indian Grocery Store

Hoppers Crossing Indian Grocery Store — Retail · Hoppers Crossing, Melbourne · Asking $70,000 · Revenue $364,000

Trades 7 days with a 7pm close Excellent setup Good rent and lease terms

DealProspect/Listings/Retail

Hoppers Crossing Indian Grocery Store

Convenience Store

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$70,000

Disclosed · AUD

Revenue

$364,000

TTM

Earnings (est.)

~$55,428

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

Implied multiple (assumed)

~1.3×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Trades 7 days with a 7pm close
Excellent setup
Good rent and lease terms

How it compares

Convenience stores in Victoria · asking prices

In line with smaller convenience stores here

Smaller convenience stores here ask a median 0.21× revenue. On its $364,000 revenue, that points to about $78,000; reads like this are typically within 30%, so $54,600 to $101,000. It asks $70,000, inside that range.

Asking price: $70,00063% below the median of $190,000
Revenue: $364,000median is $572,000
Revenue multiple: 0.19×0.26× across the market; 0.3× for bigger ones, 0.21× for smaller
Time listed: 108 daysno price change

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 · $70K

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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