Sunshine Asian Grocery Store

Sunshine Asian Grocery Store — Retail · Sunshine, VIC · Asking $198,000 · Revenue $624,000

Asian grocery store in Sunshine, trading 7 days a week until 7pm Same owner for 14 years Cheap rent under a secure lease

DealProspect/Listings/Retail

Sunshine Asian Grocery Store

Convenience Store

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$198,000

Disclosed · AUD

Revenue

$624,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Asian grocery store in Sunshine, trading 7 days a week until 7pm
Same owner for 14 years
Cheap rent under a secure lease

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 $624,000 revenue, that points to about $185,000; reads like this are typically within 30%, so $129,000 to $241,000. It asks $198,000, inside that range.

Asking price: $198,000about the median of $190,000
Revenue: $624,000median is $572,000
Revenue multiple: 0.32×0.26× across the market; 0.3× for bigger ones, 0.21× for smaller
Time listed: 110 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×

192 listings

Price drops

in 30 days

Asking price spread25 of 28 state a price

This listing · $198K

36%

24%

12%

Under $100K$1M–$2.5M

Australia 56 · Queensland 14

Cafes 441 · Takeaways 314 · Restaurants 247 · Supermarkets 69 · General retail businesses 67 · Newsagencies 67

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