Description

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.

Potential

Suit Chinese or Korean family business. - Do some local marketing and advertising. Add more vegetables and fruits. A good size family business.

Features

Prime location. - A good size Asian grocery store. - All fridges and equipment near new condition.

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.

Location

Prime street front location in commercial and apartments complex area surrounded by shops in Inner West

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

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.

SBX ID

W1818