I'm building a classifieds section of a website. Is it possible to create a grouped taxonomy list (by parents) with a node count at the end?

Essentially this is what I want to appear:

Currently, this is my BuySell content type node. I have two taxonomy vocabularies: BuySell Category and Location.

Lastly, here is a snapshot of my taxonomy vocabulary buysell:

I'm trying to use Views to create the list, however I'm not sure how to get them to group nicely together by parent terms. I can output all terms though.

Any help is greatly appreciated.