Indian Grocery Store - Melbourne CBD

Indian Grocery Store - Melbourne CBD — Retail · Melbourne · Asking $448,000 · Revenue $1,716,000

Indian grocery store in Melbourne's CBD Vendor retiring after 15 years of ownership Loyal, long-standing local customer base Run under semi-management Secure lease in place

DealProspect/Listings/Retail

Indian Grocery Store - Melbourne CBD

Convenience Store

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$448,000

Disclosed · AUD

Revenue

$1,716,000

TTM

Earnings (est.)

Implied multiple (assumed)

Brief

Indian grocery store in Melbourne's CBD
Vendor retiring after 15 years of ownership
Loyal, long-standing local customer base
Run under semi-management
Secure lease in place

How it compares

Convenience stores in Victoria · asking prices

In line with bigger convenience stores here

Bigger convenience stores here ask a median 0.3× revenue. On its $1,716,000 revenue, that points to about $510,000; reads like this are typically within 30%, so $357,000 to $663,000. It asks $448,000, inside that range.

Asking price: $448,0002.4 times the median of $190,000
Revenue: $1,716,000median is $572,000
Revenue multiple: 0.26×0.26× across the market; 0.3× for bigger ones, 0.21× for smaller
Time listed: 12 daysrecently listed

Convenience stores in Victoria

Convenience stores for sale in Victoria (28) →

Listed

+4 in 30 days

Median asking

$190K

25 priced

Median revenue

$572K

21 disclose

Earnings multiple

2.4×

189 listings

Price drops

in 30 days

Asking price spread25 of 28 state a price

This listing · $448K

36%

24%

12%

Under $100K$1M–$2.5M

Australia 55 · Queensland 14

Cafes 448 · Takeaways 316 · Restaurants 242 · Supermarkets 69 · General retail businesses 67 · Newsagencies 67

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