Fruit & Vegetable Store - North East Melbourne

Fruit & Vegetable Store - North East Melbourne — Retail · Mernda · Asking $750,000 · Revenue $2,600,000

Fully under management, operating 6 days a week (closed Sundays) Located in a new, fast-growing housing estate with low rent Sale includes truck and forklift; 15 years remaining on the lease

DealProspect/Listings/Retail

Fruit & Vegetable Store - North East Melbourne

Greengrocer

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$750,000

Disclosed · AUD

Revenue

$2,600,000

TTM

Earnings (est.)

~$441,754

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

Implied multiple (assumed)

~1.7×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Fully under management, operating 6 days a week (closed Sundays)
Located in a new, fast-growing housing estate with low rent
Sale includes truck and forklift; 15 years remaining on the lease

How it compares

Greengrocers in Victoria · asking prices

30% above greengrocers here

Greengrocers here ask a median 0.22× revenue. On its $2,600,000 revenue, that points to about $576,000; reads like this are typically within 30%, so $403,000 to $749,000. It asks $750,000.

Asking price: $750,00052% above the median of $495,000
Revenue: $2,600,000median is $2,340,000
Revenue multiple: 0.29×0.22× across the market; higher than 29 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 · $750K

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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