Retail – Asian Groceries – Under Management

For Sale

·
Inner West

Business Code: W1963

$185,000
+ Estimated Stock (SAV) $165000
Key Features: Google rating 5.0 - Convenient location. - Many users commend the vast selection of Korean products and the high quality of frozen foods.- The store's cleanliness and organisation also receives positive remarks alongside attentive customer service.
State: NSW
Suburb: West Ryde
Location: Situated close to 2 major supermarkets in the Inner West.
Premises: Ground floor has an area of 357 sq.mts. and upstairs 120 sq. mts.

Private reasons (too many businesses.)

Sale Reason

2 yrs

Established

Very close to shopping centre car park

Parking

Fully under Management - 6 part timers

Employees

7 days - 8:30 a.m - 8:00 p.m

Trading Hours

Current lease expires November, 2028 + 7yrs option- Bond $60,500, - Rent increases by 3% per year.

Lease

Retail Korean grocery store. known for its impressive variety of products, It offers everything from traditional Korean dishes to Japanese and Chinese goods . Customers appreciate the clean and organised layout, along with the friendly staff who are always ready to assist. Has a strong focus on frozen foods and unique ingredients, Quality reviews highlight the excellent quality of food items, particularly frozen meals and fresh seafood, which many customers describe as almost restaurant-quality. The store boasts an extensive range of products, including rare Korean groceries and prepared meal sets that cater to diverse culinary needs. – 15 fridges + freezer with 48 doors.

Features

Google rating 5.0 - Convenient location. - Many users commend the vast selection of Korean products and the high quality of frozen foods.- The store's cleanliness and organisation also receives positive remarks alongside attentive customer service.

Potential

Perfect business for family - Open home delivery to surrounding apartments and houses.- Add more Chinese, Japanese groceries. -Promotion and marketing through local papers and internet.

Comments

This supermarket is a go-to destination for anyone looking to explore Asian cuisine. -Upstairs has an office, 2 toilets, sink, food preparation stand and big cool room installed. - Reduced for quick sale.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$42000
Cost of Goods
$26040
Gross Profit
$15960
Rent
$4925
Wages
$3750
Telephone
$40
Insurance
$30
Electricity
$2700
Total Expenses
$11445
Estimated Stock
(Additional)
$165000
Net Profit
$4515
Price
$185,000
+ Estimated Stock (SAV) $165000
Price
$185,000
+ Estimated Stock (SAV) $165000
Contact Us

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