Lotto & Newsagency, Mornington Peninsula

Lotto & Newsagency, Mornington Peninsula — Retail · Mornington Peninsula · Asking $998,000 · Revenue $1,010,808

Lotto and newsagency in an excellent Mornington Peninsula waterfront location Large retail store with strong street presence and busy foot traffic Lotto, cards, gifts, homewares, Myki, papers, magazines and dry cleaning New Digipos Tatts fit out Established business with a loyal local customer base Busy all year round with no competition in the immediate area Opportunity to further expand gifts…

DealProspect/Listings/Retail

Lotto & Newsagency, Mornington Peninsula

Newsagency

ActiveRetailVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

$998,000

Disclosed · AUD

Revenue

$1,010,808

TTM

Earnings (est.)

~$104,214

Estimated · comparable listings of this type and size

Implied multiple (assumed)

~9.6×

Assumed · asking ÷ estimated earnings (as advertised)

Brief

Lotto and newsagency in an excellent Mornington Peninsula waterfront location
Large retail store with strong street presence and busy foot traffic
Lotto, cards, gifts, homewares, Myki, papers, magazines and dry cleaning
New Digipos Tatts fit out
Established business with a loyal local customer base
Busy all year round with no competition in the immediate area
Opportunity to further expand gifts and homewares range
Sea change lifestyle business opportunity

Newsagencies in Victoria

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Listed

+13 in 30 days

Median asking

$330K

83 priced

Median revenue

$832K

68 disclose

Earnings multiple

2.3×

186 listings

Price drops

in 30 days

Asking price spread83 of 84 state a price

This listing · $998K

35%

36%

25%

Under $100K$500K–$1M

Australia 111 · New South Wales 14

Restaurants 1022 · Takeaways 927 · Cafes 885 · Liquor stores 145 · Convenience stores 141 · Bakeries 127

Priced like this one

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