Supermarket - Groceries - Under Management

Business Code: G1669


Key Features: Great location

State: NSW

Location: Situated near an iconic beachside location in the Eastern Suburbs in a busy shopping street opposite a well known hotel for locals.

Description

Supermarket selling a full range of groceries, fruit and vegetables, fresh baked bread, meat, fish & poultry as well as convenience items including cigarettes & tobacco. - Strong independent branding. - High proportion of high margin impulse sales. - Full reporting, hourly sales, monthly and annual department reports.

Summary

  • Features: Great location. - Premium fitout. - Huge frontage. - Long lease. - Run under management. - Excellent POS system. - High foot traffic. - Brand new LED lighting & new flooring.

  • Potential: Ideal family business. - Potential to add flower sales and increase fruit and vegetable sales. - Could add coffee, salad bar, rotisserie chickens etc. - New owner operator full time working in the business could reduce the wages and increase the profits. - 50 new apartments are being built across the road.

  • Premises: This business has an area of 216 sq. mts. with a wide frontage.

  • Trading Hours: 7 days - Sun. - Wed. - 6:30 a.m. - 10 p.m. and Thurs. - Sat. - 6:30 a.m. - 11 p.m.

  • Lease: 5 year + 5 year lease commenced October 2016 - 4 months bond. - 4% Annual increases.

  • Employees: 2 owners ( Admin ) + 1 day Manager + 1 night Manager + 3 part timers

  • Comments: Miscell. - 1 - GST paid on BAS + other expenses. - The figures for the business are being shown as if a new active owner operator has replaced the day manager whose wages are $1100 p.w. - Please do not approach or speak to any staff when visiting the shop. - Full branding and IP available; opportunity to expand the brand, maybe franchise. - Inspection is highly recommended. - Quality financials are available.

Weekly Summary

Weekly Takings
(inc GST)

$50,252

Cost of Goods

$31,444

Gross Profit

$18,808

Rent

$5,180

Wages

$3,872

Outgoings

$435

Telephone

$38

Insurance

$165

Electricity

$800

Misc1

$3,418

Total Expenses

$13,908

Estimated Stock (Additional)

$135,000

Net Profit

$4,900

Price

$698,000

Enquire about this listing

OR