Internal Ref: B14829
Summary
This thriving business is ready for its next chapter & offers a rare chance to take over a well-loved and highly promising enterprise. Serving the Nyora community & surrounding areas for over 40 years
Revenue
$780,000 pa
Rent
$27,600 pa
Location Details
The business is located in a rural town with a population of approximately 2,000 people.
Potential
It is the only general store in the area, which gives it a unique position in the local market. It has huge untapped potential for growth.
Hours
7 Days: Mon - Fri 7am - 7pm, Sat & Sun 8am - 6pm
Lease
5x5x5 Commenced 21/11/2024
Employees
1 FT Owner, 4 Casual Staff
Reason for Sale
Personal
About the Business
Once-in-a-Decade Opportunity to Own and Operate the Nyora General Store
Serving the Nyora community & surrounding areas (Loch, Poowong, Lang Lang) for over 40 years, the store represents a cornerstone of local life. This thriving business is ready for its next chapter & offers a rare chance to take over a well-loved & highly promising enterprise.
What You’re Buying:
• A Loyal Customer Base: Decades of trust & service to the local community.
• A Thriving Business: Multiple streams of income under one roof, including:
o Convenience Store
o Grocery
o Takeaway Food – full commercial kitchen
o Liquor (Licensed): Liquor sales are currently paused & previously accounted for 30% of revenue. Forecasts suggest potential growth to 50% of total revenue upon re-introduction. With no other stores in town selling alcohol & the nearest supermarket 20km away, this presents a major opportunity for the new owner to tap into an unmet demand & expand the store’s product range.
o Third-Party Vendor Income: Enormous potential for further expansion.
• A Prime Location: Positioned for tremendous growth in a sought-after area.
Why Buy This Business?
1. Recently Upgraded: All necessary updates have been completed to modernise the store while preserving its historical charm.
2. Turnkey Operations:
o Fully documented internal processes.
o Staff training in place.
o Remote system access & streamlined operations enable remote management.
o Troubleshooting guides for appliances & day-to-day operations ensure seamless operations.
3. Strategic Opportunities:
o Growth plans & product/service recommendations.
o Historical sales data & professionally designed shop flow.
o Advertising strategies ready to scale your vision.
4. Multiple Revenue Streams: With an established foundation, buyers can maintain profits or pursue further growth.
Bonus: A Residential Opportunity
The sale of business includes a 4-bedroom house with updated amenities, offering:
• Staff accommodation.
• Potential for rental income.
• AirBnB opportunities
Key financials include impressive annual takings of $780,000. The store is supported by a dedicated team, including a full-time owner & four casual staff members, with flexible working hours, operating seven days a week. Premises available on a secure lease with options until 2034, with rent at just $2,300 per month (inclusive of GST) and low outgoings of $3,500 per annum.
For more details, contact Chris & Elle at Absolute Business Brokers:
Phone: 0433 582 533
Email: [email protected]
Ref: B14829
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