Chinese Supermarket -Asian Groceries -Retail

For Sale

·
Inner West

Business Code: M2197

$300,000
+ Estimated Stock (SAV) $190000
Key Features: Great location. Long established. Well known by local Asian customers. Stable income for many years. Great growth potential. Well priced for urgent sale.
State: NSW
Suburb: Burwood
Location: Very busy location in centre of shopping street in popular Inner West suburb.
Premises: Well presented supermarket with an area approx. 250 m2 includes an office, a cool room, several store rooms and 2 parking spaces at rear.
Price not disclosed

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Going overseas

Sale Reason

Many years

Established

2 parking spaces at back.

Parking

One owner + 2 staff + 2 casuals

Employees

7 days - 9 am to 9 pm.

Trading Hours

5 + 5 years lease commenced November 2019. - 4% annual increases. - 3 months bond.

Lease

Supermarket selling a wide range of Chinese / Asian groceries, snacks, soft drinks, frozen food and daily fresh Asian vegetables. The shop installed solar system on roof to save on big electricity bill.

Features

Great location. Long established. Well known by local Asian customers. Stable income for many years. Great growth potential. Well priced for urgent sale.

Potential

Add more products. Develop wholesale business to many local restaurants. Add home delivery. Do more marketing to boost sales.

Comments

The rent includes all outgoings. Misc.- 1-Refers to bank fees, rubbish removal and water fee. A great business in great location. The business financials available to review. Keen vendor. Urgent sale due to going overseas and will consider all reasonable offers. A good buy opportunity. Don't miss out. Please do not speak to anyone when visiting the premises. Inspection must be through SbX business brokers.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$45000
Cost of Goods
$31000
Gross Profit
$14000
Rent
$4826
Wages
$3300
Telephone
$20
Insurance
$49
Electricity
$570
Misc 1
$300
Total Expenses
$9065
Estimated Stock
(Additional)
$190000
Net Profit
$4935
Price
$300,000
+ Estimated Stock (SAV) $190000
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