Internal Ref: G1813
Summary
SBX Code: G1813 - Established neighbourhood fresh produce and convenience grocery store in affluent area. Strong gross margins. Takings $20,000 p.w.- Secure lease. A must to inspect.
Rent
$1,354 pw
Net Profit
$3,881 pw
Location Details
Well located amongst the main strip of busy shops in this very affluent suburb in the South of Sydney.
Potential
Further upside is available through continued grocery expansion and extended trading hours if desired. An owner operator can earn in excess of $3,500 per week. - Option to add lottery, newspapers and also online flower delivery. Could be suitable as a Friendly Grocer conversion.
Hours
7 days - Mon. - Fri. - 7 a.m - 6 p.m. - Sat. - 7 a.m - 2 p.m & Sun. - 8 a.m - 1 p.m
Lease
Current lease expires in 2029 with a further 5 year option. - 3 months Bond. - CPI annual Increases
Employees
1 owner + 5 casuals (2 on any day)
About the Business
Fruit & Veg - Grocer - Convenience Store - South Sydney
SBX Code: G1813
Established neighbourhood fresh produce and convenience grocery store serving customers that that are interested in quality not price. This business achieves strong gross margins of between 40 - 45% and core sales are driven by fresh fruit & vegetables, bread, milk, flowers & everyday grocery items supported by a loyal local customer base with frequent repeat trade. The store is well presented and fully fitted with quality refrigeration, shelving and preparation areas, and operates as a simple staff-run business. It is ideally suited to an owner-operator seeking reliable income from day one,
Features
Well established business. - Strong gross margins. - Complementary neighbouring businesses driving repeat local traffic. - Secure lease until 2029 with option to renew for 5 further years. - Easy-to-run operation with established systems.
Premises
This business has an area of 100 sq mts. Lovely bright shop and open to the street with a large deli & prep area. High end finishes.
Comments
The figures being shown are as if being run by an owner operator. An additional benefit is the option for the purchaser to access an established wholesale fruit and vegetable supply arrangement through the current owners larger operation, removing the need to attend the Sydney Markets if desired.
SBX Code: G1813
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