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IGA Grocery Store For Sale - Richmond

Supermarket

ActiveRetailVictoriaB2C
Asking price
Revenue
$1,560,000
TTM
Earnings (est.)
Implied multiple (assumed)

Brief

IGA-branded grocery store beside a train station in Richmond, inside a new apartment development. Turnover has slipped under the current owner, who is stepping back for health reasons, so the broker pitches it as an underperforming asset with upside for a hands-on operator. Fit-out, equipment and stock are valued at about $1 million combined; no asking price is published.

Listed
69
+5 in 30 days
Median asking
$450K
53 priced
Median revenue
$2M
59 disclose
Earnings multiple
2.4×
189 listings
Price drops
6
in 30 days
Asking price spread53 of 69 state a price
47%
21%
13%
8%
Under $100K$2.5M–$5M

Australia 156 · Queensland 33 · New South Wales 29 · Western Australia 10

Cafes 442 · Takeaways 314 · Restaurants 238 · General retail businesses 67 · Newsagencies 67 · Bars 60

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