Supermarket – Asian Groceries

For Sale

·
Inner West

Business Code: W1952

$200,000
+ Estimated Stock (SAV) $70000
Key Features: Proven revenue. Premium location underneath residential complex. High foot traffic location. Long, secure lease. Premium brand new equipment
State: NSW
Suburb: Ashfield
Location: Situated on ground floor of a high rise building on main street commercial area in the City Fringe
Premises: This business has an area of 99 sqm including cool room.

Private reasons.

Sale Reason

1.5 yrs

Established

One car space

Parking

2 owners working full time

Employees

Open 7 days. Monday to Sunday: 8:00 am to 8:00 pm.

Trading Hours

Current lease expires May 2029 - Bond 3 months - Rent increases by 1.5% per year

Lease

Established Korean grocery and convenience store offers an excellent opportunity to acquire a profitable, fully fitted retail business with strong daily sales and a loyal customer base. Positioned in a high exposure location beneath a large residential complex and close to major public transport, the business benefits from consistent foot traffic throughout the day. The premises are approximately 99sqm and presented in excellent condition, with indoor and outdoor seating, secure storage areas and on site parking.The sale includes an extensive range of near new equipment, refrigeration and operational assets, allowing a purchaser to commence trading immediately without further capital expenditure. Supported by a secure long term lease, established supplier relationships and comprehensive handover training, the business is ideally suited to owner operators, family operators or investors seeking a turnkey opportunity with immediate cash flow and future growth potential.

Features

Proven revenue. Premium location underneath residential complex. High foot traffic location. Long, secure lease. Premium brand new equipment

Potential

Huge potential - add up more products including Chinese and Japanese and do more advertising through local papers. - sell newspapers, flowers, stationery and lotto, dry cleaning agency etc. Promote and deliver to surrounding apartments and residential area. Also add more vegetables and fruits.

Comments

Rent includes outgoings, one drink fridge belongs to drink supplier company. All other equipment - fridges shelves etc. belong to business. A separate storage room. Frozen food margin 50%, Dry food margin 40%. Motivate vendor, Busy time is 2.00 p.m. - 6.00 p.m. A must inspection at these times.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$9000
Cost of Goods
$3600
Gross Profit
$5400
Rent
$734
Electricity
$250
Total Expenses
$984
Estimated Stock
(Additional)
$70000
Net Profit
$4416
Price
$200,000
+ Estimated Stock (SAV) $70000
Price
$200,000
+ Estimated Stock (SAV) $70000
Contact Us

Featured Businesses For Sale

  • Supermarket – Retail – Asian Groceries

    North West Sydney

    NSW

    Net Profit: $4000

    Code: FN1354

    $240,000

  • Cards – Gifts – Retail – Online – Stock Included

    Upper North Shore

    NSW

    Code: SFD1088

    $55,000

Related Businesses For Sale

  • Supermarket – Retail – Asian Groceries

    North West Sydney

    NSW

    Net Profit: $4000

    Code: FN1354

    $240,000

  • Vendor Finance – Middle Eastern – Supermarket – Deli – Specialty Retailer

    NSW

    Net Profit: $4218

    Code: F3502

    $150,000

  • Retail – Fruit Market – Supermarket – Groceries – Under management

    South Sydney

    NSW

    Net Profit: $6980

    Code: SM1523

    $398,000

  • Supermarket – Retail – Asian Goods

    Upper North Shore

    NSW

    Net Profit: $8054

    Code: W1966

    $449,000

  • Retail – Asian Groceries – Under Management

    Inner West

    NSW

    Net Profit: $4515

    Code: W1963

    $185,000

  • Supermarket – Asian Groceries

    Northern Beaches

    NSW

    Net Profit: $5518

    Code: W1937

    $205,000