Visit this listing at https://www.sbx.com.au/business?id=M2191

Business Code: M2191

Key Features: Chinese supermarket -Inner West -4 bedrooms attached- Net $2270 p.w.

State: NSW

Location: Prime street front location in busy shopping street in popular Inner West suburb.

Description

Supermarket selling Chinese groceries, snacks, frozen food, cigarettes, daily fresh vegetables etc. The takings include wholesale to local restaurants. Busy trading time is evening and weekend.

Summary

  • Features: Great location. - Long established for many years. - Regular customers. - Long lease with reasonable rent. - Stable profit. 4 bedrooms upstairs can be living or rented for extra income.
  • Potential: Do more marketing. Add more products. Ideal for family business. Could convert to different type of Asian Supermarket.
  • Premises: Well presented shop with an area of approx. 150 m2 plus 4 bedrooms upstairs.
  • Trading Hours: 7 days - 9:30 am to 11 pm.
  • Lease: 5 + 5 years lease commenced June 2020. 3% annual increases. 3 months bond.
  • Employees: One owner + 1 full time staff
  • Sale Reason: Needs to retire
  • Comments: Misc.-1- Rubbish bin - The total rent is $1899 a week including gst plus outgoings 4 bedrooms upstairs with separate entrance rented for $620 a week, therefore the current base rent paid is $1279 p.w. This is a good and profitable business in hot spot shopping area. Inspections must be through a broker.

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.

Weekly Summary

Weekly Takings (inc GST)

$17,000

Cost of Goods

$11,300

Gross Profit

$5,700

Rent

$1,279

Wages

$1,100

Outgoings

$608

Telephone

$14

Insurance

$57

Electricity

$347

Misc1

$25

Total Expenses

$3,430

Estimated Stock (Additional)

$65,000

Net Profit

$2,270

Price

$185,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Supermarket - Chinese Groceries

Business Code: M2191
Price: $185,000
+ Estimated Stock (SAV) $65,000

Key Features: Chinese supermarket -Inner West -4 bedrooms attached- Net $2270 p.w.

State: NSW

Location: Prime street front location in busy shopping street in popular Inner West suburb.

Business Overview

Supermarket selling Chinese groceries, snacks, frozen food, cigarettes, daily fresh vegetables etc. The takings include wholesale to local restaurants. Busy trading time is evening and weekend.

Summary

  • Key Features: Great location. - Long established for many years. - Regular customers. - Long lease with reasonable rent. - Stable profit. 4 bedrooms upstairs can be living or rented for extra income.
  • Potential: Do more marketing. Add more products. Ideal for family business. Could convert to different type of Asian Supermarket.
  • Premises: Well presented shop with an area of approx. 150 m2 plus 4 bedrooms upstairs.
  • Trading Hours: 7 days - 9:30 am to 11 pm.
  • Lease: 5 + 5 years lease commenced June 2020. 3% annual increases. 3 months bond.
  • Employees: One owner + 1 full time staff
  • Sale Reason: Needs to retire
  • Comments: Misc.-1- Rubbish bin - The total rent is $1899 a week including gst plus outgoings 4 bedrooms upstairs with separate entrance rented for $620 a week, therefore the current base rent paid is $1279 p.w. This is a good and profitable business in hot spot shopping area. Inspections must be through a broker.

Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale.

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings

$17,000

Cost of Goods

$11,300

Gross Profit

$5,700

Rent (ex GST)

$1,279

Wages

$1,100

Outgoings

$608

Telephone

$14

Insurance

$57

Electricity

$347

Misc1

$25

Total Expenses

$3,430

Estimated Stock (Additional)

$65,000

Net Profit

$2,270

Price

$185,000
+ Estimated Stock (SAV) $65,000

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All business and financial information provided is supplied by the vendor. SBX Business Brokers does not verify, adjust or interpret financial data. Buyers must rely on their own enquiries and independent professional advice. SBX Business Brokers accepts no liability for decisions made based on vendor-supplied information.