Sales $37,000 pw - Eastern Suburbs - Bondi Beach area - Long lease

9 days ago

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Internal Ref: SF1142

Summary

SBX Code: SF1142 - Convenience Store - Profit $4000 pw - Bondi Beach area - Excellent position - Recently refurbished large shop - Established 55 years - Lots of foot traffic day and night

Rent

$169,000 pa

Net Profit

$208,000 pa

Location Details

Prime main road location opposite an Eastern Suburbs beach and surrounded by tourists and locals.

Potential

Continue to grow the business and increase sales and profit - Add coffee and snacks. - Could introduce a dry cleaning service - Possibly add money transfer.

Hours

7 days - 6 am - 12 midnight

Lease

Current lease commenced July, 2014 - Expires July, 2019 + 5 year option - C.P.I. increases - 3

Employees

1 owner + 2 part-timers + 1 delivery person

About the Business

Convenience Store - Eastern Suburbs

SBX Code: SF1142
Convenience store selling newspapers, cards, magazines, stationery, souvenirs, phone cards, opal cards etc. as well as a large assortment of drinks, groceries, confectionery, ice cream and even chemist supplies and all beach needs. - Souvenir sales are over $500 per day.

Potential
Continue to grow the business and increase sales and profit - Add coffee and snacks. - Could introduce a dry cleaning service - Possibly add money transfer.

Features
Long lease - Excellent location - Recently refurbished large shop - Easy to run - Established 55 years - Lots of foot traffic day and night - Nothing to spend.

Premises
Modern and well presented shop which includes 2 storage rooms and backyard and a total area of 160 sq. mts.

Location
Prime main road location opposite an Eastern Suburbs beach and surrounded by tourists and locals.

Trading Hours
7 days - 6 am - 12 midnight

Lease
Current lease commenced July, 2014 - Expires July, 2019 + 5 year option - C.P.I. increases - 3 months bond

Employees
1 owner + 2 part-timers + 1 delivery person

Comments
Miscell.- Other general expenses. - An iconic hotel in the heart of major tourist beach has been recently renovated and is bringing lots of new customers. - Most of the fridges and the POS are still under warranty. - During the summer this business reached $45 - $50K takings and is still growing.-

SBX Code: SF1142

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