Fruit and vegetable store, Melbourne northern suburbs

Fruit and vegetable store, Melbourne northern suburbs — Retail · Northern Suburbs · Asking $588,000 · Revenue $2,860,000

A fruit and vegetable store in Melbourne's northern suburbs, trading seven days from a spacious 250sqm store on a main road with two entrances. The business has strong improving trade and a long lease in place.

DealProspect/Listings/Retail

Fruit and vegetable store, Melbourne northern suburbs

Greengrocer

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$588,000

Disclosed · AUD

Revenue

$2,860,000

TTM

Earnings (est.)

~$396,577

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

Implied multiple (assumed)

~1.5×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

How it compares

Greengrocers in Victoria · asking prices

In line with greengrocers here

Greengrocers here ask a median 0.22× revenue. On its $2,860,000 revenue, that points to about $634,000; reads like this are typically within 30%, so $444,000 to $824,000. It asks $588,000, inside that range.

Asking price: $588,00019% above the median of $495,000
Revenue: $2,860,000median is $2,340,000
Revenue multiple: 0.21×0.22× across the market; higher than 13 of 35
Time listed: 108 daysprice cut 27%, from $800,000

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 · $588K

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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