Fruit & Veg Store - Northern Melbourne Suburbs

Fruit & Veg Store - Northern Melbourne Suburbs — Retail · Victoria · Asking $1,500,000 · Revenue $6,240,000

Fruit and vegetable store in Melbourne's northern suburbs Cheap rent, includes a 3-bedroom residence Long lease, 3 checkouts and a large display area Coolroom, forklift and truck included Vendor selling due to other commitments

DealProspect/Listings/Retail

Fruit & Veg Store - Northern Melbourne Suburbs

Greengrocer

ActiveRetailB2C

Find funding for this deal →View original listing ↗

Asking price

$1,500,000

Disclosed · AUD

Revenue

$6,240,000

TTM

Earnings (est.)

~$820,913

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

Implied multiple (assumed)

~1.8×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Fruit and vegetable store in Melbourne's northern suburbs
Cheap rent, includes a 3-bedroom residence
Long lease, 3 checkouts and a large display area
Coolroom, forklift and truck included
Vendor selling due to other commitments

How it compares

Greengrocers in Victoria · asking prices

In line with greengrocers here

Greengrocers here ask a median 0.22× revenue. On its $6,240,000 revenue, that points to about $1,380,000; reads like this are typically within 30%, so $966,000 to $1,790,000. It asks $1,500,000, inside that range.

Asking price: $1,500,0003.0 times the median of $495,000
Revenue: $6,240,000median is $2,340,000
Revenue multiple: 0.24×0.22× across the market; higher than 20 of 35
Time listed: 108 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 · $1.5M

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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