Supermarket – Under Management

For Sale

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South West Sydney

Business Code: CB1532

$2,250,000
+ Estimated Stock (SAV) $1000000
Key Features: Large shop area with very good lease term - Located in a strong area of considerable residential growth potential - Very long established - Well maintained with recent expenditure on improvements of $300,000 - Strong local support with minimal opposition - Excellent parking availability on site with direct access to shop.
State: NSW
Suburb: Austral
Price not disclosed

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Sale Reason

1975

Established

No parking data

Parking

2 Managers + 6 full timers + 18 casuals.

Employees

n/a

Trading Hours

n/a

Lease

IGA Supermarket, under management, catering to an expanding local populace in a burgeoning SW Sydney residential area, and stocking a full range of everyday necessities. The shop boasts an extensive choice of quality items and services, including groceries, fruit and vegetables, dairy lines, frozen food and ready to eat meals, deli station, seafood and meat, drinks, fresh flowers and tobacco products. Customers have access to 6 checkout stations, and well-spaced shopping aisles. A large rear loading area is available, with prep areas and good access to large freezer and cool room capacity. The premises is 1000 sqm with a property size of 1300sqm,and is leased, with a current lease commencing August 2022 + 5 + 5 + 5 years, Increases CPI, Bond 3 months and rent $270,000 pa. Software is Retail Touch.

Features

Large shop area with very good lease term - Located in a strong area of considerable residential growth potential - Very long established - Well maintained with recent expenditure on improvements of $300,000 - Strong local support with minimal opposition - Excellent parking availability on site with direct access to shop.

Potential

n/a

Comments

n/a

Weekly Summary

Figures exclude GST

Estimated Stock
(Additional)
$1000000
Price
$2,250,000
+ Estimated Stock (SAV) $1000000

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