Summary
40 years of operating history Average weekly turnover $25,000 Lease 1 years remaining, 5-year newlease option Rent with GST and outgoings $14,000 After wages, the annual profit $160,000
Revenue
$25,000 pw
Rent
$3,231 pw
Expenses
$18,694 pw
Net Profit
$3,075 pw
Location Details
1/1226 Logan Road,, Mount Gravatt QLD 4122
Positioned on main road
Front bus stop
In large commercial centre
Parking available in front
The shhop 160 square metres
Secure room and staff toilet inside
CCTV and alarm system
Potential
The store is located in a middle-to-lower income residential area, with several government housingapartment complexes nearby.
The main customer groups include nearby local residents, commuters, staff working in neighbouringshops, and customers visiting the commercial centre.
This is a long-established store with approximately 40 years of operating history. The business is stableand has a loyal customer base.
Turnover is higher during Christmas, Easter, Mother’s Day and other holiday periods, as well as duringmajor Lotto jackpot periods.
Skills
The business is positioned on a main road, with a bus stop directly in front of the shop.
The store is located within a large commercial centre, close to a hotel, bakery, pizza shop, Subway, JB Hi-Fi, discount pharmacy and other neighbouring businesses.
There is parking available in front of the shop, with sufficient car spaces.
The premises are approximately 160 square metres.
The business holds a tobacco licence and has never been inspected by Queensland Health.
The business also receives fixed commissions from an ATM and a Bitcoin ATM.
Hours
7am-9pm, 7day perweek
Lease
The current lease has 1 years remaining, with 5-year option. A new lease may be negotiated.
Rent+GST+outgoing $14,000
About the Business
This is a long-established store with approximately 40 years of operating history. The business is stableand has a loyal customer base.
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