Internal Ref: FN1328
Summary
SBX Code: FN1328 - No competition - Only Korean grocery in the suburb - Regular clientele
Rent
$3,300 pw
Net Profit
$0 pw
Location Details
Prime Inner West Sydney location in a busy retail area surrounded by large residential apartment complexes providing a strong and consistent customer
Potential
Ideal family run business -Expand product lines and optimise use of space. Recently obtained liquor licence. Opportunity to introduce a Korean side-dish (ban chan) section, which can attract and retain a large customer base.
Hours
7 days - Monday to Sunday 9 am to 9 pm.
Lease
5 + 5 year lease commenced June 2026 - 4% increases each year - 4 months bond
Employees
Under Management - 1 full timer +3 casuals
About the Business
Asian Groceries - Supermarket - Convenience Store - Inner West
SBX Code: FN1328
Supermarket selling a wide range of Asian groceries including frozen meals, drinks, small goods, Korean and Japanese food lines, daily essential products, and a selection of popular Korean alcoholic beverages such as soju and makgeolli. The business has recently obtained a liquor licence and commenced selling Korean alcohol, providing strong potential for ongoing sales growth. Well equipped with fridge, freezer, computerised POS system, and CCTV security.
Features
Strong base of regular customers -Only Korean supermarket in the suburb - No direct competition- Excellent exposure in busy area- Low rent- POS systems and security cameras already in place
Premises
This business has an area of approx. 211 m2
Comments
This business is not being sold based on sales figures but as an asset / fit-out opportunity- The current fit-out and setup cost exceeded $500,000, but due to owners circumstances it is being sold well below setup cost.- Partnership opportunities may also be considered, providing flexibility for the right buyer.-Growing business with significant potential - Motivated vendor - A must inspection.
SBX Code: FN1328
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