Western Suburbs
NSW
$290,000
Asian Supermarket - Asian Groceries - ConveniencePrice: $365,000Net Profit: $5,805 |
Visit this listing at https://www.sbx.com.au/business?id=SFG1052 |
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Business Code: SFG1052 Key Features: Asian Supermarket - Grocery Store - Premium Location - $5800 net p.w. State: NSW Location: Superb high foot traffic location in major shopping centre between national retailers in outer Western Suburbs. DescriptionSupermarket with excellent presentation comprising multiple aisles of top grade Asian groceries, two state of the art upright chillers and five display freezers. - Also featured are four chest freezers. - Well located checkouts and easy operation. - Excellent near new fit out. Summary
Weekly SummaryWeekly Takings (inc GST)$37,000Cost of Goods$26,000Gross Profit$11,000Rent$3,500Wages$500Telephone$20Insurance$65Electricity$310Misc1$600Misc2$200Total Expenses$5,195Estimated Stock (Additional)$100,000Net Profit$5,805Price$365,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Asian Supermarket - Asian Groceries - Convenience
Business Code: SFG1052
Price: $365,000
Key Features: Asian Supermarket - Grocery Store - Premium Location - $5800 net p.w.
State: NSW
Location: Superb high foot traffic location in major shopping centre between national retailers in outer Western Suburbs.
Description
Supermarket with excellent presentation comprising multiple aisles of top grade Asian groceries, two state of the art upright chillers and five display freezers. - Also featured are four chest freezers. - Well located checkouts and easy operation. - Excellent near new fit out.
Summary
- Features: High foot traffic location in major shopping centre between two national chain supermarkets. - No direct competition. - Fixtures, fittings and refrigeration all in excellent near new condition. - Good mix of stock representing all the best cuisines and produce of Asia.
- Potential: Further develop website and home deliveries.- Promote via social media. -Further expand loyalty scheme.
- Premises: Near new supermarket featuring excellent fittings and fixtures across multiple aisles totalling 99 sq. metres.
- Trading Hours: 7 days - Mon. - Wed. - Fri. - 9 a.m. - 7 p.m.- Thurs. - 9 a.m. - 9 p.m. -Sat. - Sun. - 9 a.m. - 7 p.m.
- Lease: Current lease expires May 2022 - 2.5% annual increases - 3 month bank guarantee. - As this tenancy is well regarded a new lease should be available.
- Employees: 2 fulltime employees + 1 part time owner
- Sale Reason: Family reasons
- Comments: Misc.- 1 - General sundry expenses in running business.- Misc.- 2 - GST. - This is a superb opportunity to purchase a well established leading Asian supermarket in a prime retail location between two national chain supermarkets.- The profitability shown is for two working owners with part time casual assistance.- Currently there are two full time
employees with wages being approximately $1666 per week.- This figure has been removed from wages to the extent of $1166 per week.- The retail offering comprises an excellent range of all the main Asian cuisines and produce.- There is no direct competitor - Business currently runs on gross
profit percentage of 29%. - All equipment and fittings are in excellent condition. - Business is suitable for working owner or existing supermarket operator looking to add an excellent store to existing portfolio.
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)
$37,000
Cost of Goods
$26,000
Gross Profit
$11,000
Rent (ex GST)
$3,500
Wages
$500
Telephone
$20
Insurance
$65
Electricity
$310
Misc1
$600
Misc2
$200
Total Expenses
$5,195
Estimated Stock (Additional)
$100,000
Net Profit
$5,805
Price
$365,000
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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.
