Description

Supermarket mainly selling Chinese / Asian groceries, snacks, soft drinks, frozen food and daily fresh vegetables. Good margins around 33% of sales. The profit shown is based on 2 owners working full time in the business. Currently 2 owners only work part-time in the shop and are involved in other jobs. The business was established in 2021 and cost more than $300k.

Potential

Develop wholesale business to local restaurant and cafe. Add home delivery. Promote market to boost sales. A hands on new motivated owner will improve the business and increase sales and make more profit. Could convert to different type of supermarket such as Indian or Korean.

Features

Perfect location. Newly set up shop. Spacious shop with high quality fitout. Long lease. Great growth potential for motivated owner operator.

Premises

Near new and well presented supermarket with an area of approx. 200 sq. mts. which includes an office plus large store room downstairs with an area of approx. 70 sq. mts.

Location

Situated in centre of shopping street in popular North West suburb.

Trading Hours

7 days - 9 a.m. to 9 p.m.

Lease

The current lease expires November 2026 with a further five year option 3% annual increases. - 3 months bond.

Employees

2 owners

Comments

The rent includes outgoings. Near new supermarket in perfect location looking for a new and motivated owner operator. The sale price is below the shop equipment value. Near 3 years sales report can be reviewed. A must to inspect.

SBX ID

M2206