Internal Ref: W1818
Summary
SBX Code: W1818 - Chinese and Korean groceries - fruit and vegetables - Prime location - Netting over $6,200 p.w.
Rent
$2,700 pw
Net Profit
$6,265 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 (50% of sales) storage with cool room. - Liquor licence obtained and sells liquor as well until 10 p.m.with sales of $5,500 p.w.
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. -Sales of $24,500 p.w. include liquor sales of $5,500 p.w. 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