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Frank Walmsley
0400 446 605

Southside Supermarket

Summary

---------------SOLD------------

About the Business

Looking for an investment opportunity with plenty of upside?

This under-management supermarket achieved sales in excess of $2.7 million (ex GST) in 2014-2013.

The business has always been run under management since purchase in 2010 – a full complement of 15 staff members including 2 managers take care of business operations. The total wages paid in 2013-14 exceeded $300k – for an owner operator there is significant upside in running yourself.

The current owners invest as little as 16 hours a week mainly focusing on book-keeping, supply agreements and rostering – all these task could be managed by staff if you were looking to run fully under management.

This is was their first retail business and they managed to improve sales whilst running the business remotely. An acknowledged lack of experience resulted in a reduction in gross profit (GP), this was rectified this year, however in 2013-14 it was only 22% - circle this area for improvement!

In 2015 cash is King and there is plenty of opportunity to maximise the cash flow benefits of this business.

A ten year lease is in place and the landlord is open to selling! Located in a growing and prosperous suburb in Canberra’s south.

Significant seller finance offered for approved and qualified buyers.
Asking price is $419,950 + SAV

This supermarket would make for a profitable passive investment, or you could manage the business yourself to maximise return.

Contact Frank Walmsley 0400446605 or email sales@capitalcommercila.com.au

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