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Supermarket - Groceries - Under Management - Eastern Suburbs - (Code: G1669)

Great location

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Price: $698,000






Weekly Takings (inc GST) $50,252
Cost of Goods $31,444
Gross Profit $18,808
Rent $5,180
Wages $3,872
Outgoings $435
Telephone $38
Insurance $165
Electricity $800
Gas $
Misc 1 $3,418
Misc 2 $
Total Expenses $13,908
Net Profit $4,900
Coffee Kilos P/W 0.0

Estimated Stock

$135,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
Supermarket selling a full range of groceries, fruit and vegetables, fresh baked bread, meat, fish & poultry as well as convenience items including cigarettes & tobacco. - Strong independent branding. - High proportion of high margin impulse sales. - Full reporting, hourly sales, monthly and annual department reports.

Potential
Ideal family business. - Potential to add flower sales and increase fruit and vegetable sales. - Could add coffee, salad bar, rotisserie chickens etc. - New owner operator full time working in the business could reduce the wages and increase the profits. - 50 new apartments are being built across the road.

Features
Great location. - Premium fitout. - Huge frontage. - Long lease. - Run under management. - Excellent POS system. - High foot traffic. - Brand new LED lighting & new flooring.

Premises
This business has an area of 216 sq. mts. with a wide frontage.

Location
Situated near an iconic beachside location in the Eastern Suburbs in a busy shopping street opposite a well known hotel for locals.

Trading Hours
7 days - Sun. - Wed. - 6:30 a.m. - 10 p.m. and Thurs. - Sat. - 6:30 a.m. - 11 p.m.

Lease
5 year + 5 year lease commenced October 2016 - 4 months bond. - 4% Annual increases.

Employees
2 owners ( Admin ) + 1 day Manager + 1 night Manager + 3 part timers

Comments
Miscell. - 1 - GST paid on BAS + other expenses. - The figures for the business are being shown as if a new active owner operator has replaced the day manager whose wages are $1100 p.w. - Please do not approach or speak to any staff when visiting the shop. - Full branding and IP available; opportunity to expand the brand, maybe franchise. - Inspection is highly recommended. - Quality financials are available.

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SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXG1669

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