Visit this listing at https://www.sbx.com.au/business?id=SFG1052

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.

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
  • Comments:

Weekly Summary

Weekly Takings (inc GST)

$37,000

Cost of Goods

$26,000

Gross Profit

$11,000

Rent

$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

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Asian Supermarket - Asian Groceries - Convenience

Business Code: SFG1052
Price: $365,000
+ Estimated SAV $100,000

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

Figures include GST unless stated otherwise

Weekly Takings

$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
+ 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.