Summary
Narrabundah Supermarket for Sale – 580m², $2.5M turnover, huge potential. Excellent location, ideal for owner-operator. $390K negotiable. Contact Orion: 0414 504 225 / [email protected].
Revenue
$2,500,000 pa
Location Details
6 Iluka Street , Narrabundah
Prime location in the heart of Narrabundah, surrounded by residential areas and local businesses. High foot traffic and great visibility, with ample customer parking. Easily accessible from major roads, ensuring convenience for shoppers.
Potential
Prime Supermarket Opportunity
Well-established supermarket buisiness for sale in Narrabundah, near the city. This Store boasts a loyal customer base and offers growth potential with its prime location and ample space for expansion.
Key highlights include:
-Large store Footprint
-Well established customer base
-High visability and accessibility
-Opportunities for growth and expansion
A Great oppotunities for the right buyer to take over a thriving business with a strong reputation.
Skills
Hard working, devoted and committed.
Full training offered if needed.
Hours
Trading hours 8am-8pm, 7 days a week.
Lease
10 Year lease with 10 year option.
Employees
20+ employees, casual and fulltime.
Reason for Sale
Owners ready to retire.
About the Business
Business Description:
Narrabundah Supermarket has been a staple in the local community for over 70 years. The supermarket serves a loyal customer base, including nearby residents and workers, who rely on the store for fresh produce, groceries, specialty items, and everyday essentials.
The business stands out for its personalised service and long history of providing quality products to the local area. It offers a wide range of products, including fresh produce, dairy, meat, pantry staples, and local goods, catering to the diverse needs of the community. Additionally, the store features a large selection of liquor, which has been a strong performer in sales and further boosts the supermarket's profitability.
What makes it unique:
Long-standing reputation with decades of service
Close-knit, loyal customer base
Well-established relationships with suppliers
Large retail space in a high-traffic location
Plenty of parking for customers, making it convenient for shopping
Strong liquor sales contributing to overall revenue
What makes it a good investment:
Strong annual turnover of $2.5M, demonstrating consistent sales
Huge potential for growth, especially with an owner-operator running the business
Turnkey operation, fully equipped and ready for a seamless transition
Great location with high visibility and easy access, ensuring continued foot traffic and future growth
Liquor sales add a profitable stream to the overall business model
History
Narrabundah Supermarket has been serving the local community for over 70 years, with the current owners operating it for the past 17. The business became successful by focusing on quality products, excellent customer service, and maintaining a strong, loyal customer base. Its prime location in Narrabundah, combined with a wide selection of products, including a strong liquor range, has contributed to consistent growth. The supermarket’s reputation for reliability and service has ensured its long-term success.
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