Key Cutting and Shoe Repair Business on Mornington Peninsula

Key Cutting and Shoe Repair Business on Mornington Peninsula — Services · Mornington Peninsula · Asking $150,000 · Revenue $168,000 · Gross Profit $129,000

Sole provider of key cutting, shoe repair, engraving and watch services in its immediate area Annual turnover of approximately $168,000 with a gross profit of $129,000 Very low occupancy cost; compact 55sqm premises in a busy shopping centre Monday to Friday only, 9:30am-5:30pm All equipment and tools owned outright and included Landlord keen to retain the business with a new or extended lease

DealProspect/Listings/Services

Key Cutting and Shoe Repair Business on Mornington Peninsula

General Retail

ActiveServicesVictoriaB2C

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Asking price

$150,000

Disclosed · AUD

Revenue

$168,000

TTM

Gross Profit

$129,000

Implied multiple

1.2×

asking / earnings

Brief

Sole provider of key cutting, shoe repair, engraving and watch services in its immediate area
Annual turnover of approximately $168,000 with a gross profit of $129,000
Very low occupancy cost; compact 55sqm premises in a busy shopping centre
Monday to Friday only, 9:30am-5:30pm
All equipment and tools owned outright and included
Landlord keen to retain the business with a new or extended lease

General retail businesses in Victoria

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Listed

125

+17 in 30 days

Median asking

$195K

112 priced

Median revenue

$624K

85 disclose

Earnings multiple

2.3×

186 listings

Price drops

in 30 days

Asking price spread112 of 125 state a price

This listing · $150K

27%

38%

20%

13%

Under $100K$1M–$2.5M

Australia 315 · Queensland 80 · New South Wales 43 · Western Australia 21 · South Australia 10

Restaurants 1022 · Takeaways 927 · Cafes 885 · Liquor stores 145 · Convenience stores 141 · Bakeries 127

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