Visit this listing at https://www.sbx.com.au/business?id=M2101

Business Code: M2101

Key Features: Great location in popular shopping street - Nets $10,000 p.w.

State: NSW

Location: Perfect and very busy location on major shopping street in Inner West suburb.

Description

Supermarket selling a wide range of Chinese / Asian groceries, soft drinks, snacks, frozen food and daily fresh vegetables. - It has a cool room, storage room, staff rest room and an office.- Installed solar on roof to save on big electricity bill.

Summary

  • Features: Great shopping street centre location. - Well known by local Asian customers. - High turnover with good margins. - Stable income for many years. - Long lease with reasonable rent. - Great potential.
  • Potential: Do more marketing. - Add more products. -Develop wholesale business to many local restaurants. - More high rise apartments being built near by will raise the business performance.
  • Premises: Well presented supermarket with an area approx 220 m2.
  • Trading Hours: 7 days - 9 a.m - 10 p.m.
  • Lease: Renewed 5 + 5 years lease commenced Nov. 2019. - Annual 4% increases. - 3 months bond
  • Employees: 2 owners ( 1 working 4 days and 1 working 3 days ) + 5 casuals
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$70,000

Cost of Goods

$51,600

Gross Profit

$18,400

Rent

$4,290

Wages

$3,500

Telephone

$15

Insurance

$45

Electricity

$350

Misc1

$200

Total Expenses

$8,400

Estimated Stock (Additional)

$150,000

Net Profit

$10,000

Price

$620,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Asian -Chinese Supermarket - Retail

Business Code: M2101
Price: $620,000

Key Features: Great location in popular shopping street - Nets $10,000 p.w.

State: NSW

Location: Perfect and very busy location on major shopping street in Inner West suburb.

Description

Supermarket selling a wide range of Chinese / Asian groceries, soft drinks, snacks, frozen food and daily fresh vegetables. - It has a cool room, storage room, staff rest room and an office.- Installed solar on roof to save on big electricity bill.

Summary

  • Features: Great shopping street centre location. - Well known by local Asian customers. - High turnover with good margins. - Stable income for many years. - Long lease with reasonable rent. - Great potential.
  • Potential: Do more marketing. - Add more products. -Develop wholesale business to many local restaurants. - More high rise apartments being built near by will raise the business performance.
  • Premises: Well presented supermarket with an area approx 220 m2.
  • Trading Hours: 7 days - 9 a.m - 10 p.m.
  • Lease: Renewed 5 + 5 years lease commenced Nov. 2019. - Annual 4% increases. - 3 months bond
  • Employees: 2 owners ( 1 working 4 days and 1 working 3 days ) + 5 casuals
  • Sale Reason: Other business commitments.
  • Comments: The rent includes outgoings. - Misc.- 1- Refers to shop cardboard removal, water using fee and bank fees. - Rare to find such great business in great location with great profit. - Inspection is highly recommended. - Please do not speak to anyone when visiting the premises. - Inspection must be through business broker.

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

Weekly Summary

Weekly Takings
(inc GST)

$70,000

Cost of Goods

$51,600

Gross Profit

$18,400

Rent (ex GST)

$4,290

Wages

$3,500

Telephone

$15

Insurance

$45

Electricity

$350

Misc1

$200

Total Expenses

$8,400

Estimated Stock (Additional)

$150,000

Net Profit

$10,000

Price

$620,000

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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.