Internal Ref: G1809
Summary
SBX Code: G1809 - Supermarket & grocery located in a prime corner position in Eastern suburbs. Recent new fit out cost $500K. Sales $33000 p.w. & Nets $4250 p.w. Long Lease & Low rent.
Rent
$1,130 pw
Net Profit
$4,250 pw
Location Details
Well located on a corner position of a main road in an affluent area in the Eastern suburbs and close to Hospital & NSW Uni. Highly visible site i
Potential
Owner operator or husband & wife team could dramatically reduce wages and increase profits. - Could add coffee - Could possibly add Lotto to the offering. - There is also a potential to join Metcash buying group.
Hours
7 days - 7 a.m - 8 p.m,
Lease
7 year lease commenced 2022 + 2 x 7 year options. - 2% Annual Increases. - 3 months Bond.
Employees
1 full time Manager + 3 part timers + 3 casuals
About the Business
Supermarket - Grocer - Under Management - Eastern Suburbs
SBX Code: G1809
Well designed small supermarket or grocery store offering a unique selection of groceries & fresh produce including a range of meat as well as fruit & vegetables, confectionery, dairy products, fresh flowers, drinks and everyday requirements such as bakery products etc. at very competitive pricing. Recent fit-out & equipment cost were in excess of $500K. The business has been growing year on year and currently 11% up on last year. This is one of the best grocery businesses on our books and a must to inspect.
Features
Immaculately presented store. - Complete new fit out in 2022. - Clean & vibrant. - Unique & fresh product range. - Well established and loyal customer base. - Long lease & very reasonable rent. - Fully equipped & nothing to spend.
Premises
This shop has an area of 100 sq mts plus office area, air con, cool room & prep area, modern shelving & refrigeration, plenty garage storage area.
Comments
The business is currently being run under management, however the figures being shown are as if being run by an owner operator and a further saving in wages and an increase in profit if being run by a husband & wife team.- Misc 1 = BAS plus other general expenses.
SBX Code: G1809
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