Fruit and Vegetable Store, Altona

Fruit and Vegetable Store, Altona — Retail · Altona, VIC · Asking $380,000 · Revenue $1,560,000

Fruit and vegetable store in Altona, approximately 80% fruit and veg and 20% groceries Low overheads with a long, secure 13-year lease GST-free product mix Trades 7 days a week

DealProspect/Listings/Retail

Fruit and Vegetable Store, Altona

Greengrocer

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$380,000

Disclosed · AUD

Revenue

$1,560,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Fruit and vegetable store in Altona, approximately 80% fruit and veg and 20% groceries
Low overheads with a long, secure 13-year lease
GST-free product mix
Trades 7 days a week

How it compares

Greengrocers in Victoria · asking prices

In line with greengrocers here

Greengrocers here ask a median 0.22× revenue. On its $1,560,000 revenue, that points to about $346,000; reads like this are typically within 30%, so $242,000 to $450,000. It asks $380,000, inside that range.

Asking price: $380,00023% below the median of $495,000
Revenue: $1,560,000median is $2,370,000
Revenue multiple: 0.24×0.22× across the market; higher than 22 of 34
Time listed: 110 daysno price change

Greengrocers in Victoria

Greengrocers for sale in Victoria (45) →

Listed

+2 in 30 days

Median asking

$495K

41 priced

Median revenue

$2.4M

38 disclose

Earnings multiple

2.4×

190 listings

Price drops

in 30 days

Asking price spread41 of 45 state a price

This listing · $380K

12%

17%

24%

27%

15%

Under $100K$2.5M–$5M

Australia 64 · New South Wales 14

Cafes 438 · Takeaways 316 · Restaurants 247 · General retail businesses 72 · Supermarkets 69 · Newsagencies 67

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