Internal Ref: M2191
Summary
SBX Code: M2191 - Chinese supermarket located in hot spot in Inner West suburb. Long established with solid income. 4 bedrooms upstairs can be lived in or rented for extra income.
Rent
$1,279 pw
Net Profit
$2,270 pw
Location Details
Prime street front location in busy shopping street in popular Inner West suburb.
Potential
Do more marketing. Add more products. Ideal for family business. Could convert to different type of Asian Supermarket.
Hours
7 days - 930 am to 11 pm.
Lease
5 + 5 years lease commenced June 2020. 3% annual increases. 3 months bond.
Employees
One owner + 1 full time staff
About the Business
Supermarket - Chinese Groceries - Inner West
SBX Code: M2191
Supermarket selling Chinese groceries, snacks, frozen food, cigarettes, daily fresh vegetables etc. The takings include wholesale to local restaurants. Busy trading time is evening and weekend.
Features
Great location. Long established for many years. Regular customers. Long lease with reasonable rent. Stable profit. 4 bedrooms upstairs can be living or rented for extra income.
Premises
Well presented shop with an area of approx. 150 m2 plus 4 bedrooms upstairs.
Comments
Misc.-1- Rubbish bin - The total rent is $1899 a week including gst plus outgoings 4 bedrooms upstairs with separate entrance rented for $620 a week, therefore the current base rent paid is $1279 p.w. This is a good and profitable business in hot spot shopping area. Inspections must be through a broker.
SBX Code: M2191
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