Altona Fruit and Vegetable Store

Altona Fruit and Vegetable Store — Retail · Altona, Melbourne · Asking $550,000 · Revenue $2,340,000

Straight fruit and vegetable trading, 7 days, 5pm close GST-free product range 12-year lease with good rent Easy to manage

DealProspect/Listings/Retail

Altona Fruit and Vegetable Store

Greengrocer

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$550,000

Disclosed · AUD

Revenue

$2,340,000

TTM

Earnings (est.)

~$351,607

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

Implied multiple (assumed)

~1.6×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Straight fruit and vegetable trading, 7 days, 5pm close
GST-free product range
12-year lease with good rent
Easy to manage

How it compares

Greengrocers in Victoria · asking prices

In line with greengrocers here

Greengrocers here ask a median 0.22× revenue. On its $2,340,000 revenue, that points to about $519,000; reads like this are typically within 30%, so $363,000 to $675,000. It asks $550,000, inside that range.

Asking price: $550,000about the median of $495,000
Revenue: $2,340,000median is $2,340,000
Revenue multiple: 0.24×0.22× across the market; higher than 18 of 35
Time listed: 109 daysno price change

Greengrocers in Victoria

Greengrocers for sale in Victoria (46) →

Listed

+2 in 30 days

Median asking

$495K

42 priced

Median revenue

$2.3M

39 disclose

Earnings multiple

2.4×

189 listings

Price drops

in 30 days

Asking price spread42 of 46 state a price

This listing · $550K

12%

17%

24%

29%

14%

Under $100K$2.5M–$5M

Australia 65 · New South Wales 14

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

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