Business Code:
The owner has purchased a larger shop in a mall in a nearby suburb that has a different clientele.
Sale Reason
No year data
Established
15 minute street parking to keep cars moving.
Parking
1 owner + 5 casuals (2 on any day)
Employees
7 days - Monday to Friday: 7 am to 6 pm. Saturday: 7 am to 2 pm & Sunday: 8 am to 1 pm
Trading Hours
Current lease expires in 2029 with a further 5 year option. - 3 months Bond. - CPI annual Increases
Lease
Established neighbourhood fresh produce and convenience grocery store serving customers that that are interested in quality not price. This business achieves strong gross margins of between 40 – 45% and core sales are driven by fresh fruit & vegetables, bread, milk, flowers & everyday grocery items supported by a loyal local customer base with frequent repeat trade. The store is well presented and fully fitted with quality refrigeration, shelving and preparation areas, and operates as a simple staff-run business. It is ideally suited to an owner-operator seeking reliable income from day one,
Features
Well established business. - Strong gross margins. - Complementary neighbouring businesses driving repeat local traffic. - Secure lease until 2029 with option to renew for 5 further years. - Easy-to-run operation with established systems.
Potential
Further upside is available through continued grocery expansion and extended trading hours if desired. An owner operator can earn in excess of $3,500 per week. - Option to add lottery, newspapers and also online flower delivery. Could be suitable as a Friendly Grocer conversion.
Comments
The figures being shown are as if being run by an owner operator. An additional benefit is the option for the purchaser to access an established wholesale fruit and vegetable supply arrangement through the current owner's larger operation, removing the need to attend the Sydney Markets if desired.
