Supermarket – Chinese Groceries

For Sale

·
Inner West

Business Code: M2191

$185,000
+ Estimated Stock (SAV) $65000
Key Features: Great location. - Long established for many years. - Regular customers. - Long lease with reasonable rent. - Stable profit. 4 bedrooms upstairs can be living or rented for extra income.
State: NSW
Suburb: Burwood
Location: Prime street front location in busy shopping street in popular Inner West suburb.
Premises: Well presented shop with an area of approx. 150 m2 plus 4 bedrooms upstairs.

Needs to retire

Sale Reason

Many years

Established

One owner + 1 full time staff

Employees

7 days - 9:30 am to 11 pm.

Trading Hours

5 + 5 years lease commenced June 2020. 3% annual increases. 3 months bond.

Lease

Supermarket selling Chinese groceries, snacks, frozen food, cigarettes, daily fresh vegetables etc. The takings include wholesale to local restaurants. Busy trading time is evening and weekend.

Features

Great location. - Long established for many years. - Regular customers. - Long lease with reasonable rent. - Stable profit. 4 bedrooms upstairs can be living or rented for extra income.

Potential

Do more marketing. Add more products. Ideal for family business. Could convert to different type of Asian Supermarket.

Comments

Misc.-1- Rubbish bin - The total rent is $1899 a week including gst plus outgoings 4 bedrooms upstairs with separate entrance rented for $620 a week, therefore the current base rent paid is $1279 p.w. This is a good and profitable business in hot spot shopping area. Inspections must be through a broker.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$17000
Cost of Goods
$11300
Gross Profit
$5700
Rent
$1279
Wages
$1100
Telephone
$14
Insurance
$57
Electricity
$347
Misc 1
$25
Total Expenses
$3430
Estimated Stock
(Additional)
$65000
Net Profit
$2270
Price
$185,000
+ Estimated Stock (SAV) $65000
Price
$185,000
+ Estimated Stock (SAV) $65000
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