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DealProspect/Listings/Retail

Fruit & Veg Store - Prahran

Greengrocer

ActiveRetailVictoriaB2C
Asking price
$490,000
Disclosed · AUD
Revenue
$4,420,000
TTM
Earnings (est.)
~$498,576
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~1.0×
Assumed · asking ÷ estimated earnings (as advertised)

Brief

  • Fruit and vegetable store in Prahran, trading 7 days a week
  • Same owner for 18 years
  • Low overheads on a long, secure lease
  • Ample free parking with around 20% of sales via delivery
  • Described as a recession-proof business, easy to manage

Greengrocers in Victoria

All 50
Listed
50
+3 in 30 days
Median asking
$499K
41 priced
Median revenue
$2.3M
42 disclose
Earnings multiple
2.5×
130 listings
Asking price spread41 of 50 state a price
This listing · $490K
10%
20%
24%
24%
17%
5%
Under $100K$2.5M–$5M

New South Wales 13

Cafes 494 · Takeaways 404 · Restaurants 327 · General retail businesses 196 · Supermarkets 69 · Automotive workshops 66