Convenience Store – Asian Groceries

For Sale

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Inner West

Business Code: W1818

$255,000
+ Estimated Stock (SAV) $50000
Key Features: Prime location. - A good size Asian grocery store. - All fridges and equipment near new condition.
State: NSW
Suburb: Lidcombe
Location: Prime street front location in commercial and apartments complex area surrounded by shops in Inner West.
Premises: Good sized premises with large basement floor with cool room.- Ground floor 103 sq.mts - Basement (storage, cool room) 50 sq.mts. plus own lift to move goods.
Price not disclosed

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Private reasons

Sale Reason

7 yrs

Established

3 car spaces at rear side of shop.

Parking

1 owner (20 hrs. p.w.) + 1 full timer + 1 part timer

Employees

7 days - Mon. - Sun. - 9:00 a.m. - 10:00 p.m.

Trading Hours

Shop owner is Landlord. - New 5 + 5 year lease is available. Rent increases by 4% per year, Bond 3 months

Lease

Grocery – convenience store selling Korean and Chinese groceries such as snacks, cans & jars, sauce and condiments, meat, seasoning, pasta, rice, seaweed, frozen fish, fruit and veg, soft drinks, at very competitive pricing. Excellent shelving at wide spacing gives products maximum display and accessibility. – No similar businesses around this area – high margin business (50% of sales) storage with cool room. – Liquor licence obtained and sells liquor as well until 10 p.m.with sales of $5,500 p.w.

Features

Prime location. - A good size Asian grocery store. - All fridges and equipment near new condition.

Potential

Suit Chinese or Korean family business. - Do some local marketing and advertising. - Add more vegetables and fruits. - A good size family business.

Comments

Misc.- 1. Council rates. - Misc. 2.- Strata. - Suit a couple or a Chinese or Korean family. -Sales of $24,500 p.w. include liquor sales of $5,500 p.w. Inspection is highly recommended. - Figures available on appointment with POS system. Stock is extra to the selling price and is approximately $50k .

High margin business (47% of sales), Very easy to run business.- Owner will provide full training 4 weeks. Inspection through your broker, motivate vendor, must inspection.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$23000
Cost of Goods
$11000
Gross Profit
$12000
Rent
$2700
Wages
$2300
Electricity
$650
Misc 1
$70
Misc 2
$15
Total Expenses
$5735
Estimated Stock
(Additional)
$50000
Net Profit
$6265
Price
$255,000
+ Estimated Stock (SAV) $50000
Price
$255,000
+ Estimated Stock (SAV) $50000
Contact Us

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