Visit this listing at https://www.sbx.com.au/business?id=W1952

Business Code: W1952

Key Features: Asian Grocery Supermarket - No competition - Price location in Inner West

State: NSW

Location: Situated on ground floor of a high rise building on main street commercial area in the City Fringe

Description

Asian Grocery Supermarket selling Korean and Asian groceries such as snacks, cans & jars, sauce and condiments, meat, seasoning, pasta, rice, seaweed, frozen fish, fruit and veg, soft drinks, kimbap, fresh rice cakes at very competitive pricing. Excellent shelving, spacing gives products maximum display and accessibility. No similar businesses around this area. Also selling combined fine quality home goods at great prices such as cutlery set, storage bins & containers, trash cans, fine kitchen tools and accessories. Separate space for instant noodle cooking ( specially made ramen cooking machine ) with two machines.- 5 out door seats - Google rating 5.0 Google rating 5.0

Summary

  • Features: Spacious, bright and sunny supermarket. Absolutely no competition. - Prime location. - A good size Asian grocery store. Cheap rent. - Huge potential to expand business.
  • Potential: Huge potential - add up more products including Chinese and Japanese and do more advertising through local papers. - sell newspapers, flowers, stationery and lotto, dry cleaning agency etc. Promote and deliver to surrounding apartments and residential area. Also add more vegetables and fruits.
  • Premises: This business has an area of 99 sqm including cool room.
  • Trading Hours: Open 7 days. Monday to Sunday: 8:00 am to 8:00 pm.
  • Lease: Current lease expires May 2029 - Bond 3 months - Rent increases by 1.5% per year
  • Employees: 2 owners working full time
  • Sale Reason: Private reasons.
  • Comments: Rent includes outgoings, one drink fridge belongs to drink supplier company. All other equipment - fridges shelves etc. belong to business. A separate storage room. Frozen food margin 50%, Dry food margin 40%. Motivate vendor, Busy time is 2.00 p.m. - 6.00 p.m. A must inspection at these times.

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)

$9,000

Cost of Goods

$3,600

Gross Profit

$5,400

Rent

$734

Electricity

$250

Total Expenses

$984

Estimated Stock (Additional)

$70,000

Net Profit

$4,416

Price

$180,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Supermarket - Asian Groceries

Business Code: W1952
Price: $180,000
+ Estimated Stock (SAV) $70,000

Key Features: Asian Grocery Supermarket - No competition - Price location in Inner West

State: NSW

Location: Situated on ground floor of a high rise building on main street commercial area in the City Fringe

Business Overview

Asian Grocery Supermarket selling Korean and Asian groceries such as snacks, cans & jars, sauce and condiments, meat, seasoning, pasta, rice, seaweed, frozen fish, fruit and veg, soft drinks, kimbap, fresh rice cakes at very competitive pricing. Excellent shelving, spacing gives products maximum display and accessibility. No similar businesses around this area. Also selling combined fine quality home goods at great prices such as cutlery set, storage bins & containers, trash cans, fine kitchen tools and accessories. Separate space for instant noodle cooking ( specially made ramen cooking machine ) with two machines.- 5 out door seats - Google rating 5.0 Google rating 5.0

Summary

  • Key Features: Spacious, bright and sunny supermarket. Absolutely no competition. - Prime location. - A good size Asian grocery store. Cheap rent. - Huge potential to expand business.
  • Potential: Huge potential - add up more products including Chinese and Japanese and do more advertising through local papers. - sell newspapers, flowers, stationery and lotto, dry cleaning agency etc. Promote and deliver to surrounding apartments and residential area. Also add more vegetables and fruits.
  • Premises: This business has an area of 99 sqm including cool room.
  • Trading Hours: Open 7 days. Monday to Sunday: 8:00 am to 8:00 pm.
  • Lease: Current lease expires May 2029 - Bond 3 months - Rent increases by 1.5% per year
  • Employees: 2 owners working full time
  • Sale Reason: Private reasons.
  • Comments: Rent includes outgoings, one drink fridge belongs to drink supplier company. All other equipment - fridges shelves etc. belong to business. A separate storage room. Frozen food margin 50%, Dry food margin 40%. Motivate vendor, Busy time is 2.00 p.m. - 6.00 p.m. A must inspection at these times.

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

$9,000

Cost of Goods

$3,600

Gross Profit

$5,400

Rent (ex GST)

$734

Electricity

$250

Total Expenses

$984

Estimated Stock (Additional)

$70,000

Net Profit

$4,416

Price

$180,000
+ Estimated Stock (SAV) $70,000

 Print

Enquire about this listing



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.