Supermarket – Retail – Asian Goods

For Sale

·
Upper North Shore

Business Code: W1966

$449,000
+ Estimated Stock (SAV) $100000
Key Features: Great location in a major modern shopping centre - Under management - Extremely well stocked store with large popular range of Asian supermarket items. - The shop is clean and well organised - Long secure lease.
State: NSW
Suburb: Hornsby
Location: Perfect location in Upper North Shore high foot traffic major shopping centre.
Premises: State of art recent quality fit-out with an area of 428 sq.mts. including store room

Many businesses - too busy

Sale Reason

2.5 yrs

Established

Shopping centre car park

Parking

Fully under Management - 1 Manager + 6 part timers

Employees

7 days - 8:40 a.m to 7:00 p.m.

Trading Hours

10 yrs lease from December 2022 - Bond 4 months - Rent increases by 4% per year.

Lease

Retail Korean grocery store. known for its impressive variety of products, It offers everything from traditional Korean dishes to Japanese and Chinese goods, a large range of fresh Asian fruit and vegetables and especially huge range of Korean frozen, ready to eat special foods. – Prices are cheaper than the other non Asian major supermarkets. Amazing modern shop fit out with all equipment including numerous wall attached chillers and fridges are newly installed.

Features

Great location in a major modern shopping centre - Under management - Extremely well stocked store with large popular range of Asian supermarket items. - The shop is clean and well organised - Long secure lease.

Potential

Add more Chinese, Japanese groceries. Great potential for hands on owner operators who would be committed to the further success of the business by engaging with customers.

Comments

Normal closing time is by 8:40 a.m. - 5:00 p.m. Opening longer hours costs extra rent per hour. Many kinds of frozen Korean food are supplied by Vendor's trading company. Motivated vendor. A must inspection. Contact vendor through your SBX broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$73000
Cost of Goods
$44000
Gross Profit
$29000
Rent
$11135
Wages
$7386
Telephone
$100
Insurance
$250
Electricity
$1750
Misc 1
$90
Misc 2
$13
Total Expenses
$20946
Estimated Stock
(Additional)
$100000
Net Profit
$8054
Price
$449,000
+ Estimated Stock (SAV) $100000
Price
$449,000
+ Estimated Stock (SAV) $100000
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