Visit this listing at https://www.sbx.com.au/business?id=SFG1051

Business Code: SFG1051

Key Features: Asian Supermarket - Brand New - Prime Location - Long Lease

State: NSW

Location: Superb high foot traffic location in major shopping centre between national retailers in Western Suburbs.

Description

Supermarket selling top grade Asian groceries with excellent new presentation comprising 6 long aisles of groceries, - 13 brand new chest freezers around perimeters of store, with 6 display chillers followed by 7 display freezers in the first aisle. - Generous walkways with non slip vinyl flooring and well located brand new checkout counters. - Storage features new cool room.- This brand new supermarket comprises a fitout costing around $490,000.

Summary

  • Features: High foot traffic location in major shopping centre.- Excellent presentation and layout.- All refrigeration and fixtures and fittings are brand new.- Excellent mix of stock representing all the best cuisines and produce of Asia.
  • Potential: This supermarket is primed to become one of Sydneys leading Asian grocers.- Turnover will increase month by month due to high foot traffic location.- Enhance website. - Promote via instagram and facebook.
  • Premises: Brand new supermarket featuring all new fixtures and fittings across six aisles totalling a full size of 244 sq metres.
  • Trading Hours: 7 days - Mon. - Wed. -Fri. - 9 a.m. - 7.00 p.m. - Thurs. - 9 a.m. - 9 p.m. - Sat. - Sun. - 9 a.m. - 7.00 p.m.
  • Lease: 8 year lease to October 2028 - 2 month bank guarantee - 2.5% increases p.a.
  • Employees: 2 fulltimers and 1 part time owner.
  • Comments:

Weekly Summary

Rent

$5,174

Estimated Stock (Additional)

$100,000

Price

$240,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Asian Supermarket - Asian Groceries -Convenience

Business Code: SFG1051
Price: $240,000
+ Estimated SAV $100,000

Key Features: Asian Supermarket - Brand New - Prime Location - Long Lease

State: NSW

Location: Superb high foot traffic location in major shopping centre between national retailers in Western Suburbs.

Description

Supermarket selling top grade Asian groceries with excellent new presentation comprising 6 long aisles of groceries, - 13 brand new chest freezers around perimeters of store, with 6 display chillers followed by 7 display freezers in the first aisle. - Generous walkways with non slip vinyl flooring and well located brand new checkout counters. - Storage features new cool room.- This brand new supermarket comprises a fitout costing around $490,000.

Summary

  • Features: High foot traffic location in major shopping centre.- Excellent presentation and layout.- All refrigeration and fixtures and fittings are brand new.- Excellent mix of stock representing all the best cuisines and produce of Asia.
  • Potential: This supermarket is primed to become one of Sydneys leading Asian grocers.- Turnover will increase month by month due to high foot traffic location.- Enhance website. - Promote via instagram and facebook.
  • Premises: Brand new supermarket featuring all new fixtures and fittings across six aisles totalling a full size of 244 sq metres.
  • Trading Hours: 7 days - Mon. - Wed. -Fri. - 9 a.m. - 7.00 p.m. - Thurs. - 9 a.m. - 9 p.m. - Sat. - Sun. - 9 a.m. - 7.00 p.m.
  • Lease: 8 year lease to October 2028 - 2 month bank guarantee - 2.5% increases p.a.
  • Employees: 2 fulltimers and 1 part time owner.
  • Sale Reason: Family reasons
  • Comments: This brand new Asian grocery store is being sold for well below fit out cost and is basically new with all relevant equipment under warranty. - Business is not being sold on figures as business at time of listing has only been trading for 3 weeks. - Family issues necessitate sale-. Vendor is the very successful operator of another well
    established Asian grocery store and this store is based on the same concept and similar mix of stock from around 40 suppliers. - Turnover anticipated to double within 12 months. - Business currently operating on gross profit % of 25% to develop market share. -
    Rent p.w. is $5692 including gst and outgoings for a 244 sq. mt. store in major shopping centre in a hot location. - Suit working owners or current operator of Asian supermarkets looking to expand portfolio with an "A" grade location with premium shop fit.

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

Rent (ex GST)

$5,174

Estimated Stock (Additional)

$100,000

Price

$240,000
+ Estimated SAV $100,000

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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.