Internal Ref: 201
Summary
Sale Price: $380,000 + Stock. Business Overview: This Chinese supermarket is located in the heart of a major Chinese community in Sydney’s Southwest. It is positioned in a prime location with convenie
Location Details
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About the Business
Sale Price: $380,000 + Stock
Business Overview:
This Chinese supermarket is located in the heart of a major Chinese community in Sydney’s Southwest. It is positioned in a prime location with convenient transport, within walking distance to the train station and main shopping street.
The shop has a well-proportioned floor area, smart layout, and a wide range of products. Main offerings include fresh fruit and vegetables, along with frozen foods, condiments, dry goods, and everyday household essentials. The store is highly popular with both local residents and the Chinese community.
Given the customer base and product range, the business would be an excellent fit for a buyer with an Asian background or experience in Asian retail.
Lease Details:
- Lease term: 15 April 2024-14 April 2029
- Annual rent increase: 4%
- Floor area: Approx. 220 sqm, including indoor retail area, office, and storeroom
- Current monthly rent: $5,899.06 + GST
- Outdoor stall council fee: $108.85 + GST
- Landlord pays council rates and water charges
- Bank Guarantee: 2 months’ rent + outgoings, corporate guarantee required
Financials:
- Annual turnover: approx. $2.35 million
- Gross profit margin: nearly 31%
- Owner’s profit in FY2024: approx. $350,000
Staff:
- 1 store manager (currently run by the owner)
- 1 full-time stock handler + 1 full-time cashier + 1 contract driver
- Lean team structure, staff are experienced and can stay on with the business.
Reason for Sale:
- Owner is retiring.
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