Internal Ref: W1818
Summary
SBX Code: W1818 - Chinese and Korean groceries - fruit and vegetables - Prime location - Netting over $5,000 p.w.
Rent
$2,981 pw
Net Profit
$5,984 pw
Location Details
Prime street front location in commercial and apartments complex area surrounded by shops in Inner West
Potential
Suit Chinese or Korean family business.- Do some local marketing and advertising. Add more vegetables and fruits. A good size family business.
Hours
7 days - Mon. - Sun. - 900 a.m. - 1000 p.m.
Lease
Shop owner is Landlord. - New 5 + 5 year lease is available. Rent increases by 4% per year,
Employees
1 owner (20 hrs. p.w.) + 1 full timer + 1 part timer
About the Business
Convenience Store - Asian Groceries - Inner West
SBX Code: W1818
Grocery - convenience store selling Korean and Chinese groceries such as snacks, cans & jars, sauce and condiments, meat, seasoning, pasta, rice, seaweed, frozen fish, fruit and veg, soft drinks, at very competitive pricing. Excellent shelving at wide spacing gives products maximum display and accessibility. No similar businesses around this area - high margin business (47% of sales) storage with cool room. Liquor licence obtained and sells liquor as well until 10 p.m.
Features
Prime location. - A good size Asian grocery store. - All fridges and equipment near new condition.
Premises
Good sized premises with large basement floor with cool room.- Ground floor 103 sq.mts - Basement (storage, cool room) 50 sq.mts. plus own lift to move goods.
Comments
Misc.- 1. Council rates. - Misc. 2.- Strata. - Suit a couple or a Chinese or Korean family. - Inspection is highly recommended. - Figures available on appointment with POS system. Stock is extra to the selling price and is approximately $50k .High margin business (47% of sales), Very easy to run business.- Owner will provide full training 4 weeks. Inspection through your broker, motivate vendor, must inspection.
SBX Code: W1818
SBX Business Brokers
Connect with us