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Indian Grocery Store - Melbourne CBD

Convenience Store

ActiveRetailVictoriaB2C
Asking price
$448,000
Disclosed · AUD
Revenue
$1,716,000
TTM
Earnings (est.)
~$284,006
Estimated · comparable listings of this type and size · typically within ±25%
Implied multiple (assumed)
~1.6×
Assumed · asking ÷ estimated earnings (as advertised)

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 $508,000; reads like this are typically within 30%, so $356,000 to $660,000. It asks $448,000, inside that range.

Asking price
$448,0002.4 times the median of $190,000
Revenue
$1,716,000median is $598,000
Revenue multiple
0.26×0.28× across the market; 0.3× for bigger ones, 0.21× for smaller
Time listed
0 daysrecently listed

Convenience stores in Victoria

Convenience stores for sale in Victoria (30) →
Listed
30
+5 in 30 days
Median asking
$190K
27 priced
Median revenue
$598K
22 disclose
Earnings multiple
2.3×
194 listings
Price drops
1
in 30 days
Asking price spread27 of 30 state a price
This listing · $448K
33%
30%
22%
11%
4%
Under $100K$1M–$2.5M

Australia 57 · Queensland 13

Cafes 434 · Takeaways 318 · Restaurants 248 · General retail businesses 72 · Newsagencies 69 · Supermarkets 68

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Convenience stores for sale in Victoria (30) →