Summary
Long-established and highly profitable Asian Convenience Store, now enhanced with a brand-new Newsagency/Lottery business.
Rent
$1,300 pw
Location Details
Located in a bustling Randwick shopping precinct, guaranteeing high pedestrian flow and a vibrant trading environment.
Potential
•Expand the product range to include more high-demand items or introduce a fresh food section.
•Leverage the included social media accounts to run targeted marketing campaigns and promotions.
•Introduce new services such as parcel delivery/collection or a local home delivery service.
•Extend trading hours to capture more of the evening market (subject to any necessary approvals).
Hours
Open 7 days a week, 6:30am to 6:30pm.
Lease
Secure 5+3+3 year lease commenced Feb 2019. Fixed 2.5% annual rent increase. 2 months bond.
Employees
Owner operating
About the Business
A rare opportunity to acquire a long-established and highly profitable Asian Convenience Store, now enhanced with a brand-new Newsagency/Lottery business. Situated in a prime Randwick location, this business offers a secure investment with a loyal customer base and significant growth potential.
This is your chance to take the reins of a well-known local business in Sydney's prestigious Eastern Suburbs. Benefiting from high foot traffic, a diverse product range, and a newly upgraded lottery section, the business is perfectly positioned for a new owner to capitalize on its solid foundation and expand further.
【Business Highlights】
•Dual Income Streams: Combines a thriving Asian grocery store with a brand-new, modern newsagency and lottery business, providing multiple revenue channels.
•Prime Eastern Suburbs Location: Located in a bustling Randwick shopping precinct, guaranteeing high pedestrian flow and a vibrant trading environment.
•Long-Established with Loyal Customers: With two decades of operation, the business has built a stellar reputation and a large, devoted customer base.
•High Profit Margin: The business boasts an impressive profit margin of 30-38% on its retail sales.
•Newly Renovated: Features a brand-new lottery billboard display and a well-appointed 114 sqm facility, including a 10 sqm cool room and 20 sqm storage, meaning no further investment is required.
•Full Training Provided: The current owner will provide comprehensive training and support to ensure a seamless handover. No prior experience is necessary.
【About the Business】
This unique business combines the best of both worlds: a popular and well-stocked Asian convenience store and a modern, newly installed newsagency. The diverse product range caters to the broad demographic of the area, from daily essentials like newspapers and magazines to a wide variety of sought-after Asian groceries. The recent addition of the lottery business provides a secure, high-commission income stream, further strengthening the business's financial performance.
For further information or to inspect the business, please email the broker for an NDA form or contact Jeffrey Lei at 0405 888 800.
【Disclaimer: 】The information contained in this advertisement is provided by the vendor and is believed to be accurate, but prospective buyers should make their own inquiries and obtain professional advice before proceeding.
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