IGA Grocery Store For Sale - Richmond
Supermarket
ActiveRetailVictoriaB2C
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.
Supermarkets in Victoria
Supermarkets for sale in Victoria (69) →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
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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