Internal Ref: B14604
Summary
Profitable & iconic fruit & vegetable market that has been trading in this location for 85+ years. Very stable business with the same owner for 20+ years & an average turnover of approx. $55,800/week.
Revenue
$55,800 pw
Rent
$1,050 pw
Location Details
With a corner location on a busy main road providing high exposure and with plenty of parking for customers as well as a tram stop just metres away this location is second to none.
Potential
A great investment opportunity with unlimited avenues to grow the business further. New owners could introduce social media advertising, a delivery service or click and collect service - there is great potential to grow this business further.
Hours
Trades 7 Days: Monday to Friday 5:30am to 6:30pm; Saturday 5am to 5pm; Sunday 6am to 1pm.
Lease
5x5 commenced in October 2019. Current owner rents next door premises as well, but new owner need not rent next door.
Employees
1 Owner FT, 1 Owner PT, 7 Casual Staff
Reason for Sale
Retirement
About the Business
Profitable and iconic fruit and vegetable market that has been trading in this location for 85+ years. Provides the locals with all their fruit and vegetables as well as some of their essential groceries.
With a corner location on a busy main road providing high exposure and with plenty of parking for customers as well as a tram stop just metres away this location is second to none.
Very stable business with the same owner for 20+ years and an average turnover of approx. $55,800 per week. Rent is $4,554 per month including GST with a secure lease of 5x5 which commenced in October 2019. Current owner rents the shop next door for $1,375 per month including GST as well. The new owner does not need to rent the 2nd premises.
Owners work in the business with 7 casual staff. Makes an excellent family business.
A great investment opportunity with unlimited avenues to grow the business further. New owners could introduce social media advertising, a delivery service or click and collect service - there is great potential to grow this business further.
Current owner is looking to retire, so this is a rare opportunity to own this long-established fresh fruit and vegetable store located in the heart of Fitzroy. The store has well-established systems, high takings and great profit, it is very popular among locals and is easy to run.
For more information and to inspect this golden opportunity, contact Chris Panagiotidis on 0433 582 533 or Elle Likopoulos on 03 9566 7300.
Ref: B14604
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