Asian Supermarket – Under Management

For Sale

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Eastern Suburbs

Business Code: SM1490

$360,000.00
+ Estimated Stock (SAV) $200000
Key Features: Great location. Very high margins. No direct competition. Easy to operate. Under management
State: NSW
Suburb: Maroubra
Location: Perfect location in high foot traffic shopping centre in Sydney Eastern Suburbs.
Premises: This business has an area of 200 m2 with a top fit out.
Price not disclosed

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Retiring

Sale Reason

2006

Established

Shopping centre parking.

Parking

Manager plus 3 - 4 casuals.

Employees

7 days, 9 am to 7 pm.

Trading Hours

Current lease expires 28th September 2025. 5% annual increases. 3 months bank guarantee. New lease available to approved buyer.

Lease

Supermarket selling a wide range of Chinese / Asian groceries, soft drinks, snacks, frozen food and daily fresh vegetables. Stock $200,000. Original owner since 2006. Very high margins. Profit shown is for one working owner.

Features

Great location. Very high margins. No direct competition. Easy to operate. Under management

Potential

Currently trading under management, huge potential for owner operators to improve the sales and save on wages.

Comments

The rent includes outgoings and storage. Misc.1 = Accountant fees, etc. Manager's wage of $1,865 has been added back to profit as if for an owner operator. The wages include superannuation. Inspection is highly recommended. Please do not speak to anyone when visiting the premises.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$57000
Cost of Goods
$39900
Gross Profit
$17100
Rent
$6000
Wages
$4285
Insurance
$180
Electricity
$750
Misc 1
$150
Total Expenses
$11365
Estimated Stock
(Additional)
$200000
Net Profit
$5735
Price
$360,000.00
+ Estimated Stock (SAV) $200000

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