Price ÷ profit (seller's figures)—Needs the asking price and yearly profit
Description
Convenience store / milk bar business in Greensborough, Melbourne (street-front shop), established 2014. Size: about 280 m². Weekly revenue about A$10,000 (≈A$520,000 a year). Lease: about 9 years remaining plus 4+5 options. Whether stock is included is still to be confirmed.
The seller keeps the business name, street address and financial records (BAS, POS and P&L notes) private. Request them, and you can see them once the seller approves.
Questions worth asking before an inspection, based on the seller's figures. It does not judge the business and is not a valuation or advice — rely on the actual records.
No net profit given, so the price-to-profit ratio cannot be worked out.
About 9 years left on the lease (options 4+5) — check the lease itself for the term and options.
Questions to ask the seller before you inspect
Can you provide the last 12 months of BAS, POS reports and bank statements?
The lease itself: term left, options, annual increases and who pays outgoings?
Will the landlord consent to the assignment? Is there a bond or bank guarantee to transfer?
How are staff wages, contracts and accrued annual leave handled?
Is there an equipment list, and is anything leased or under hire purchase?
Any unpaid bills, fines, complaints or health-inspection issues?