Iconic Music Store - Near Ormond, Melbourne
General Retail
ActiveRetailVictoriaB2B & B2C
Asking price
$165,000
Disclosed · AUD
Revenue
$600,000
TTM
Net Profit
$98,000
Implied multiple
1.7×
asking / earnings
Brief
- Long-established music store near Ormond in Melbourne's inner south-east, trading for 33 years
- Go-to destination for local parents, students and musicians with deep community roots
- Zero debtors, with all accounts paid upfront supporting predictable cash flow
- Dual revenue streams across in-store retail and online sales, plus a high-demand instrument repairs division
- Near-zero local competition in the repairs and servicing segment
- Established long-term supply relationships with local schools from kindergarten to secondary level
- Two-storey premises with an entirely unutilised upper floor offering potential for lessons, studio hire or subletting
- Vendor retiring and willing to provide an extended handover period
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