Inner West
NSW
$320,000
Convenience Store - Asian GroceriesPrice: $255,000Net Profit: $6,265 |
Visit this listing at https://www.sbx.com.au/business?id=W1818 |
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Business Code: W1818 Key Features: Asian Groceries - Netting $6265 p.w. Takings over $23,000 p.w. Inner West Syd State: NSW Location: Prime street front location in commercial and apartments complex area surrounded by shops in Inner West. DescriptionGrocery - convenience store selling Korean and Chinese groceries such as snacks, cans & jars, sauce and condiments, meat, seasoning, pasta, rice, seaweed, frozen fish, fruit and veg, soft drinks, at very competitive pricing. Excellent shelving at wide spacing gives products maximum display and accessibility. - No similar businesses around this area - high margin business (50% of sales) storage with cool room. - Liquor licence obtained and sells liquor as well until 10 p.m.with sales of $5,500 p.w. Summary
Disclaimer: The images shown are stock photos and are for illustrative purposes only and do not represent the actual business for sale. 
Weekly SummaryWeekly Takings (inc GST)$23,000Cost of Goods$11,000Gross Profit$12,000Rent$2,700Wages$2,300Electricity$650Misc1$70Misc2$15Total Expenses$5,735Estimated Stock (Additional)$50,000Net Profit$6,265Price$255,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Convenience Store - Asian Groceries
Business Code: W1818Price: $255,000
+ Estimated Stock (SAV) $50,000
Key Features: Asian Groceries - Netting $6265 p.w. Takings over $23,000 p.w. Inner West Syd
State: NSW
Location: Prime street front location in commercial and apartments complex area surrounded by shops in Inner West.
Business Overview
Grocery - convenience store selling Korean and Chinese groceries such as snacks, cans & jars, sauce and condiments, meat, seasoning, pasta, rice, seaweed, frozen fish, fruit and veg, soft drinks, at very competitive pricing. Excellent shelving at wide spacing gives products maximum display and accessibility. - No similar businesses around this area - high margin business (50% of sales) storage with cool room. - Liquor licence obtained and sells liquor as well until 10 p.m.with sales of $5,500 p.w.
Summary
- Key Features: Prime location. - A good size Asian grocery store. - All fridges and equipment near new condition.
- Potential: Suit Chinese or Korean family business. - Do some local marketing and advertising. Add more vegetables and fruits. - A good size family business.
- Premises: Good sized premises with large basement floor with cool room.- Ground floor 103 sq.mts - Basement (storage, cool room) 50 sq.mts. plus own lift to move goods.
- Trading Hours: 7 days - Mon. - Sun. - 9:00 a.m. - 10:00 p.m.
- Lease: Shop owner is Landlord. - New 5 + 5 year lease is available. Rent increases by 4% per year, Bond 3 months
- Employees: 1 owner (20 hrs. p.w.) + 1 full timer + 1 part timer
- Sale Reason: Private reasons
- Comments: Misc.- 1. Council rates. - Misc. 2.- Strata. - Suit a couple or a Chinese or Korean family. -Sales of $24,500 p.w. include liquor sales of $5,500 p.w. Inspection is highly recommended. - Figures available on appointment with POS system. Stock is extra to the selling price and is approximately $50k . High margin business (47% of sales), Very easy to run business.- Owner will provide full training 4 weeks. Inspection through your broker, motivate vendor, must inspection.
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
$23,000
Cost of Goods
$11,000
Gross Profit
$12,000
Rent (ex GST)
$2,700
Wages
$2,300
Electricity
$650
Misc1
$70
Misc2
$15
Total Expenses
$5,735
Estimated Stock (Additional)
$50,000
Net Profit
$6,265
Price
$255,000
+ Estimated Stock (SAV) $50,000
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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.