Supermarket – Asian Groceries – Under Management

For Sale

·
Inner West

Business Code: F3444

$448,000
+ Estimated Stock (SAV) $120000
Key Features: Cheaper selling prices than the major supermarket chains. - Staff are mentioned as always being extremely friendly and helpful. - Extremely well stocked store with large popular range of supermarket items. The shop is clean and well organised - Long secure lease. Very modern looking shopping centre popular with locals .
State: NSW
Suburb: Leichhardt
Location: Fabulous location adjacent to major non Asian supermarket chain and large underground carpark in Inner West Sydney
Premises: Recently fully fitted modern professional supermarket selling at less than fit out cost with an area of 250 sq. mts. plus storage.
Price not disclosed

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Other business interests

Sale Reason

No year data

Established

Major car park available

Parking

Currently run under full management requiring 2 people plus the occasional casual at certain times during the week and year . Although the business is currently run under management , the profit shown in this business profile is based on one working owner running the business.

Employees

7 days - 8.30 am to 7.30 pm.

Trading Hours

7 year lease with a further 5 year option - 4% annual rental increases - 3 month bond

Lease

Supermarket – Asian Groceries packed full of Asian essentials – a large range of fresh Asian fruit and vegetables and many other special foods. Prices are cheaper than the other non Asian major supermarkets. Provides groceries from Hong Kong, Japan, Korea and South East Asia. Amazing modern shop fit out where no expense has been spared. .Although the business is currently run under management , the profit shown in this business profile is based on one working owner running the business with staff.

Features

Cheaper selling prices than the major supermarket chains. - Staff are mentioned as always being extremely friendly and helpful. - Extremely well stocked store with large popular range of supermarket items. The shop is clean and well organised - Long secure lease. Very modern looking shopping centre popular with locals .

Potential

Great potential for hands on owner operators who would be committed to the further success of the business by engaging with customers and lay down a strong ongoing marketing program for the business online.

Comments

Misc. 1 - All bill payments. - Rental includes all outgoings. - Please do not approach the staff of the business as the owners do not work in the business but contact your SBX broker for further information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$47000
Cost of Goods
$29140
Gross Profit
$17860
Rent
$9200
Wages
$2300
Telephone
$25
Insurance
$120
Electricity
$576
Misc 1
$650
Total Expenses
$12150
Estimated Stock
(Additional)
$120000
Net Profit
$5710
Price
$448,000
+ Estimated Stock (SAV) $120000
Price
$448,000
+ Estimated Stock (SAV) $120000
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