Visit this listing at https://www.sbx.com.au/business?id=F3264

Business Code: F3264

Key Features: Supermarket Asian - Full financials available - Net $3000 p.w - Nth Beaches Nsw

State: NSW

Location: The business is surrounded by apartments and opposite large council car park.

Description

Supermarket - Asian grocery selling dry - cold - frozen goods and a small mix of fresh fruit and vegetables. Korean, Chinese, Filipino, Japanese, Thai and Vietnamese food lines.Same original owners 31 years.Full financials available.Stock can be reduced to minimum to suit buyer.Business has not been impacted by Covid19 .Full financials available.

Summary

  • Features: Established 30 years and highly profitable. Low rent. Affluent area with long-standing customer base.Short trading hours for this type of business.Business has not been impacted by Covid19 .Genuine owners retiring.
  • Potential: Densely populated suburbs with more new constructions underway. Start advertising and social media. Manage stock digitally. Make better use of space.
  • Premises: Approximately 150m square meters , double-frontage, with large storage area, walk- in cool room, kitchen, and two bathrooms.
  • Trading Hours: 7 days - 10 a.m. to 6 p.m.
  • Lease: Current lease expires 28th February, 2021 with option to renew to 2027 - C.P.I. increases - 3 month bond
  • Employees: Two owners working - does not require two people all the time.
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$14,746

Cost of Goods

$10,191

Gross Profit

$4,555

Rent

$841

Outgoings

$186

Telephone

$24

Insurance

$30

Electricity

$259

Misc1

$390

Total Expenses

$1,720

Estimated Stock (Additional)

$90,000

Net Profit

$3,000

Price

$150,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Asian Groceries - Asian Grocery - Asian Supermarket - Convenience Store

Business Code: F3264
Price: $150,000
+ Estimated SAV $90,000

Key Features: Supermarket Asian - Full financials available - Net $3000 p.w - Nth Beaches Nsw

State: NSW

Location: The business is surrounded by apartments and opposite large council car park.

Description

Supermarket - Asian grocery selling dry - cold - frozen goods and a small mix of fresh fruit and vegetables. Korean, Chinese, Filipino, Japanese, Thai and Vietnamese food lines.Same original owners 31 years.Full financials available.Stock can be reduced to minimum to suit buyer.Business has not been impacted by Covid19 .Full financials available.

Summary

  • Features: Established 30 years and highly profitable. Low rent. Affluent area with long-standing customer base.Short trading hours for this type of business.Business has not been impacted by Covid19 .Genuine owners retiring.
  • Potential: Densely populated suburbs with more new constructions underway. Start advertising and social media. Manage stock digitally. Make better use of space.
  • Premises: Approximately 150m square meters , double-frontage, with large storage area, walk- in cool room, kitchen, and two bathrooms.
  • Trading Hours: 7 days - 10 a.m. to 6 p.m.
  • Lease: Current lease expires 28th February, 2021 with option to renew to 2027 - C.P.I. increases - 3 month bond
  • Employees: Two owners working - does not require two people all the time.
  • Sale Reason: Owners retiring after 31 years.
  • Comments: First time on the market and a must to inspect - Full financial figures can be obtained from the vendor after a satisfactory meeting has been held between both parties. -
    Stock can be reduced to minimum to suit buyer. - .
    The business has grown organically by word of mouth alongside growth of the area. - No money has been spent on advertising or promotion.

Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$14,746

Cost of Goods

$10,191

Gross Profit

$4,555

Rent (ex GST)

$841

Outgoings

$186

Telephone

$24

Insurance

$30

Electricity

$259

Misc1

$390

Total Expenses

$1,720

Estimated Stock (Additional)

$90,000

Net Profit

$3,000

Price

$150,000
+ Estimated SAV $90,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.