Fruit & Veg Store - Melbourne

Fruit & Veg Store - Melbourne — Retail · Melbourne · Asking $4,300,000 · Revenue $23,400,000

Long-established fruit and vegetable business, described as the largest of its kind in Victoria Trades 7 days a week, operating under management Employs 25 staff across full-time, part-time and casual roles Approximately 90% fruit and vegetables, 10% dry goods Long, secure lease at moderate rent

DealProspect/Listings/Retail

Fruit & Veg Store - Melbourne

Greengrocer

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$4,300,000

Disclosed · AUD

Revenue

$23,400,000

TTM

Earnings (est.)

~$2,340,000

Estimated · comparable listings of this type and size · typically within ±30%

Implied multiple (assumed)

~1.8×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Long-established fruit and vegetable business, described as the largest of its kind in Victoria
Trades 7 days a week, operating under management
Employs 25 staff across full-time, part-time and casual roles
Approximately 90% fruit and vegetables, 10% dry goods
Long, secure lease at moderate rent

How it compares

Greengrocers in Victoria · asking prices

In line with greengrocers here

Greengrocers here ask a median 0.22× revenue. On its $23,400,000 revenue, that points to about $5,190,000; reads like this are typically within 30%, so $3,630,000 to $6,750,000. It asks $4,300,000, inside that range.

Asking price: $4,300,0008.7 times the median of $495,000
Revenue: $23,400,0002nd biggest of 39
Revenue multiple: 0.18×0.22× across the market; higher than 9 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 · $4.3M

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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