About the Business

Background and venue

This inner west supermarket and fruit and veg shop is a family owned business with over 20 years experience in fruit and veg and retail. They are passionate about fresh produce, hand picking only the best fruit & vegetables daily.

Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs, frozen products and some supermarket lines

Currently owner operated open 6.5 days a week closed 2pm on Sunday

Potential to join Food works or Friendly grocer subject to landlord approval.


Operating Hours

Monday to Sunday- 7.30am - 6.00pm Sunday until 2pm.


Employees

3 full timers, 8 casual staff

Lease

5+5 year lease, CPI increase, 4 months bond


Potential

- Potential to extend trading hours

- Introduce online home deliveries

- Introduce more home packs or premade lunch, dinner

- Advertise on social media, facebook, Instagram


Weekly Financials - Based on Last 12 Months POS Sales

Weekly Takings $77,474
Cost of Goods $50,087
Gross Profit $27,387
Rent $3019 (ex gst, includes outgoings)
Outgoings $757 (includes rubbish removal)
Wages $11,367 (not including owners wage)
Telephone $100 (includes internet)
Insurance $300
Electricity $600
Transport $1500
Misc 1 $1000 (packaging, merchant fees)

Total Expenses $18643
Nett Profit $8744
Stock $150,000

Asking Price $1,050,000 + Stock


Reason for sale:

The owner is looking to retire after 40 years in the industry.

The Opportunity:

Low rent. The rent is less than 4% of the sales. Net profit $8,000 per week. Open 6.5 days currently closes early on Sunday. One of the best Deli's in the area for freshly cut meat and cheeses.

New owner can add home deliveries, wholesale, increase flower range, pre dinner packs or more supermarket lines to increase sales and profit.