Convenience Store – Asian Groceries

For Sale

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Inner West

Business Code: W1818

$280,000.00
+ 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
$24500
Cost of Goods
$12000
Gross Profit
$12500
Rent
$2981
Wages
$2300
Electricity
$650
Misc 1
$70
Misc 2
$15
Total Expenses
$6016
Estimated Stock
(Additional)
$50000
Net Profit
$6484
Price
$280,000.00
+ Estimated Stock (SAV) $50000
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