Internal Ref: SM1490
Summary
SBX Code: SM1490 - Run under management with no direct competition in great location. Same original owner since 2006 - Very high food margins -
Rent
$5,504 pw
Net Profit
$4,131 pw
Location Details
Perfect location in high foot traffic shopping centre in Sydney Eastern Suburbs.
Potential
Currently trading under management, huge potential for owner operators to improve the sales and save on wages.
Hours
7 days, 9 am to 7 pm.
Lease
Current lease expires 28th September 2025. 5% annual increases. 3 months bank guarantee. New lease
Employees
Manager plus 3 - 4 casuals.
About the Business
Asian Supermarket - Under Management - Eastern Suburbs
SBX Code: SM1490
Supermarket selling a wide range of Chinese / Asian groceries, soft drinks, snacks, frozen food and daily fresh vegetables. Stock $200,000. Original owner since 2006. Very high margins. Profit shown is for one working owner.
Features
Great location. Very high margins. No direct competition. Easy to operate. Under management
Premises
This business has an area of 200 m2 with a top fit out.
Comments
The rent includes outgoings. Misc.1 = Accountant fees, etc. Managers wage of $1,865 has been added back to profit as if for an owner operator. Inspection is highly recommended. Please do not speak to anyone when visiting the premises.
SBX Code: SM1490
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