Supermarket – Grocer – Under Management

For Sale

·
Eastern Suburbs

Business Code: G1809

$750,000
+ Estimated Stock (SAV) $90000
Key Features: Immaculately presented store. - Complete new fit out in 2022. - Clean & vibrant. - Unique & fresh product range. - Well established and loyal customer base. - Long lease & very reasonable rent. - Fully equipped & nothing to spend.
State: NSW
Suburb: Randwick
Location: Well located on a corner position of a main road in an affluent area in the Eastern suburbs and close to Hospital & NSW Uni. Highly visible site in a high density location.
Premises: This shop has an area of 100 sq mts plus office area, air con, cool room & prep area, modern shelving & refrigeration, plenty garage storage area.
Price not disclosed

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Owner wants to free up cash for other investments.

Sale Reason

2022

Established

Street parking

Parking

1 full time Manager + 3 part timers + 3 casuals

Employees

7 days - 7 am to 8 pm

Trading Hours

7 year lease commenced 2022 + 2 x 7 year options. - 2% Annual Increases. - 3 months Bond.

Lease

Well designed small supermarket or grocery store offering a unique selection of groceries & fresh produce including a range of meat as well as fruit & vegetables, confectionery, dairy products, fresh flowers, drinks and everyday requirements such as bakery products etc. at very competitive pricing. Recent fit-out & equipment cost were in excess of $500K. The business has been growing year on year and currently 11% up on last year. This is one of the best grocery businesses on our books and a must to inspect.

Features

Immaculately presented store. - Complete new fit out in 2022. - Clean & vibrant. - Unique & fresh product range. - Well established and loyal customer base. - Long lease & very reasonable rent. - Fully equipped & nothing to spend.

Potential

Owner operator or husband & wife team could dramatically reduce wages and increase profits. - Could add coffee - Could possibly add Lotto to the offering. - There is also a potential to join Metcash buying group.

Comments

The business is currently being run under management, however the figures being shown are as if being run by an owner operator and a further saving in wages and an increase in profit if being run by a husband & wife team.- Misc 1 = BAS plus other general expenses.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$33000
Cost of Goods
$21000
Gross Profit
$12000
Rent
$1130
Wages
$4200
Telephone
$20
Insurance
$400
Electricity
$450
Misc 1
$1550
Total Expenses
$7750
Estimated Stock
(Additional)
$90000
Net Profit
$4250
Price
$750,000
+ Estimated Stock (SAV) $90000
Price
$750,000
+ Estimated Stock (SAV) $90000
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