Liquor Store - Franchise - Retail - Under Management

Business Code: GNGD1039A


Key Features: No nearby competition

State: VIC

Suburb: Footscray, 3011

Location: Situated on very busy food / restaurant street opposite major market in West Melbourne.

Description

Retail liquor store from one of Australia's largest liquor franchises - adopting the branding of the franchise is optional - currently running under management - Sales were $13k per week but have slipped to $10k due to owner inattention - Very well equipped with 1 large open fridge, 1 freezer, 3 double-door fridges, 1 large cool room (approx. 24 sq. m), walk-in fridge with 4 doors and 1 pallet entry door - low cost business / accounting software.

Summary

  • Features: No ongoing franchise fees - No competition nearby - Good potential for exterior signage targeting passing traffic - Easy to manage.

  • Potential: Ideal for owner operator - 700 apartments under construction nearby - could add more stock - increase special promotions - add optional $220 per month local promotions offered by franchisor.

  • Premises: Large airy 110 sq. mts. premises with large cool room. - Plenty of space for more stock or special promotions.

  • Trading Hours: 7 days - 10 a.m. to 10 p.m.

  • Lease: 5 + 5 year lease commenced Feb. 2017 - 4% annual rent increases - 2 months bond + 1 month advance rent.

  • Employees: 1 full time employee.

  • Comments: Large fully owned equipment list is available - One fridge is owned by Coca Cola Co. - Lease includes 1 year demolition clause - Misc.- 1 - includes business / accounting software subscription ($700 pa).

Weekly Summary

Weekly Takings
(inc GST)

$10,000

Cost of Goods

$6,000

Gross Profit

$4,000

Rent

$1,200

Wages

$800

Outgoings

$150

Telephone

$15

Insurance

$70

Electricity

$140

Misc1

$100

Total Expenses

$2,475

Estimated Stock (Additional)

$50,000

Equipment (Included)

$80,000

Net Profit

$1,525

Price

$200,000

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