IGA Xpress with Liquor - Melbourne

IGA Xpress with Liquor - Melbourne — Retail · Melbourne, VIC · Asking $750,000 · Revenue $2,700,000

Trades 7 days a week Same owner for 12 years Tatts lottery counter recently added Category mix spans liquor, grocery, dairy, confectionery and more

DealProspect/Listings/Retail

IGA Xpress with Liquor - Melbourne

Convenience Store

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$750,000

Disclosed · AUD

Revenue

$2,700,000

TTM

Earnings (est.)

~$448,776

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

Implied multiple (assumed)

~1.7×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Trades 7 days a week
Same owner for 12 years
Tatts lottery counter recently added
Category mix spans liquor, grocery, dairy, confectionery and more

How it compares

Convenience stores in Victoria · asking prices

In line with bigger convenience stores here

Bigger convenience stores here ask a median 0.3× revenue. On its $2,700,000 revenue, that points to about $802,000; reads like this are typically within 30%, so $561,000 to $1,040,000. It asks $750,000, inside that range.

Asking price: $750,0003.9 times the median of $190,000
Revenue: $2,700,0002nd biggest of 21
Revenue multiple: 0.28×0.26× across the market; 0.3× for bigger ones, 0.21× for smaller
Time listed: 108 daysno price change

Convenience stores in Victoria

Convenience stores for sale in Victoria (28) →

Listed

+4 in 30 days

Median asking

$190K

25 priced

Median revenue

$572K

21 disclose

Earnings multiple

2.4×

189 listings

Price drops

in 30 days

Asking price spread25 of 28 state a price

This listing · $750K

36%

24%

12%

Under $100K$1M–$2.5M

Australia 56 · Queensland 14

Cafes 436 · Takeaways 315 · Restaurants 247 · General retail businesses 71 · Newsagencies 67 · Supermarkets 67

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