Business Code:
Focus on another business interest
Sale Reason
March 2021
Established
4 parking spaces.
Parking
One owner part time + 1 full-time staff + 2 casual staff
Employees
7 days - 9 a.m. to 9 p.m.
Trading Hours
New lease signed in September 2026 for 6 yrs with an option to extend for another 6 yrs. - 3% annual increases. - 3 months bond.
Lease
Well-established Asian grocery supermarket for sale in North West Sydney, just 100 mts. from the train and metro stations on a busy shopping street with very high foot traffic. -The store sells a wide range of Chinese and Asian groceries, snacks, soft drinks, frozen food and fresh vegetables daily, with healthy gross margins of around 33%. – Established in 2021 with a fit-out costing over $300,000, the store is spacious, modern and well presented. The asking price is below the value of the shop equipment alone.- New high-rise residential buildings surrounding the shop are almost complete, with residents moving in from early 2027, which will bring thousands of potential new customers to the doorstep.-Currently, one owner works part time while managing another business, so a hands-on owner has clear room to lift sales.
Features
Close to train and metro stations with very high foot traffic - Asking price below equipment value - Modern fit-out costing over $300k.- Spacious 200 m² shop plus 70 m² storeroom and office - New 6 + 6 year lease.- New high-rise residents moving in from 2027 - Long trading hours, 9 am to 9 pm, seven days
Potential
Wholesale supply to local restaurants and cafes with Asian groceries and fresh produce.- Home delivery and online orders. - Local promotion. Use social media and promotions to capture new high-rise residents from 2027. - Introduce loyalty and rewards cards - A full-time owner can reduce wages and increase sales and profit.- The store could be converted to an Indian, Korean or broader international supermarket. - Add Lotto or tobacco, subject to approval and licensing. - Sublet the separate office or car space near the station, subject to the landlord’s consent.
Comments
Rent includes outgoings. Close to three years of sales reports are available for review by serious buyers after signing a confidentiality agreement. The asking price is below the value of the shop equipment. A rare opportunity in a growing location, and a must to inspect. The business includes a 70 sqm storage area which is currently leased for $1,700 per month. In addition, there are 4 dedicated car spaces that are rented out at $250 per space per month, generating a further $1,000 per month. These figures have been included in the weekly takings.
