IGA Local Grocer – Richmond

IGA Local Grocer – Richmond — Retail · Richmond, Melbourne · Asking Available Upon Enquiry · Revenue $1,560,000

IGA-branded local grocer near Richmond, adjacent to a train station and petrol station Located within a new mixed-use development with 57 apartments above Approximately 670 sqm fit-out with a dedicated liquor section Seven-day trading, 8am-9pm, with 7 years remaining on the lease Currently trading below potential due to the owner's health-related absence

DealProspect/Listings/Retail

IGA Local Grocer – Richmond

Supermarket

ActiveRetailVictoriaB2C

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Asking price

Revenue

$1,560,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

IGA-branded local grocer near Richmond, adjacent to a train station and petrol station
Located within a new mixed-use development with 57 apartments above
Approximately 670 sqm fit-out with a dedicated liquor section
Seven-day trading, 8am-9pm, with 7 years remaining on the lease
Currently trading below potential due to the owner's health-related absence

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Listed

+5 in 30 days

Median asking

$450K

53 priced

Median revenue

$2M

59 disclose

Earnings multiple

2.4×

190 listings

Price drops

in 30 days

Asking price spread53 of 69 state a price

47%

21%

13%

Under $100K$2.5M–$5M

Australia 157 · Queensland 33 · New South Wales 30 · Western Australia 10

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