Supermarket -Chinese / Asian Groceries – Retail

For Sale

·
North West Sydney

Business Code: M2206

$100,000.00
+ Estimated Stock (SAV) $100000
Key Features: Perfect location. Newly set up shop. Spacious shop with high quality fitout. Long lease. Great growth potential for motivated owner operator.
State: NSW
Suburb: Epping
Location: Situated in centre of shopping street in popular North West suburb.
Premises: Near new and well presented supermarket with an area of approx. 200 sq. mts. which includes an office plus large store room downstairs with an area of approx. 70 sq. mts.
Price not disclosed

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Partnership split

Sale Reason

March 2021

Established

4 parking spaces.

Parking

2 owners

Employees

7 days - 9 a.m. to 9 p.m.

Trading Hours

6 year lease plus 5 years option commenced March 2021. - 3% annual increases. - 3 months bond.

Lease

Supermarket mainly selling Chinese / Asian groceries, snacks, soft drinks, frozen food and daily fresh vegetables. Good margins around 33% of sales. The profit shown is based on 2 owners working full time in the business. Currently 2 owners only work part-time in the shop and are involved in other jobs. The business was established in 2021 and cost more than $300k.

Features

Perfect location. Newly set up shop. Spacious shop with high quality fitout. Long lease. Great growth potential for motivated owner operator.

Potential

Develop wholesale business to local restaurant and cafe. Add home delivery. Promote market to boost sales. A hands on new motivated owner will improve the business and increase sales and make more profit. Could convert to different type of supermarket such as Indian or Korean.

Comments

The rent includes outgoings. Near new supermarket in perfect location looking for a new and motivated owner operator. The sale price is below the shop equipment value. Near 3 years sales report can be reviewed. A must to inspect.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$13500
Cost of Goods
$9000
Gross Profit
$4500
Rent
$2388
Telephone
$20
Insurance
$37
Electricity
$775
Total Expenses
$3220
Estimated Stock
(Additional)
$100000
Equipment
(Included)
$200000
Net Profit
$1280
Price
$100,000.00
+ Estimated Stock (SAV) $100000
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