Supermarket - Asian Groceries - Under Management - F3445

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$399,000

Description

Supermarket - Asian Groceries packed full of Asian essentials - a large range of good fresh asian fruit and vegetables and many other special foods , prices are cheaper than the other non asian major supermarkets. The new go to Asian store on the North Shore and the Northern Beaches providing groceries from Hong Kong, Japan, Korea, and South East Asia. Amazing modern shop fit out where no expense has been spared. .Although the business is currently run under management , the profit shown in this business profile is based on one working owner running the business.

Potential

Great potential for hands on owner operators who would be committed to the further success of the business by engaging with customers and lay down a strong ongoing marketing program for the business online.

Features

Cheaper selling prices than the major supermarket chains - Staff are mentioned as always being extremely friendly and helpful - Extremely well stocked store with large popular range of supermarket items. - The shop is clean and well organised. - Long secure lease. Very modern looking shopping centre popular with locals .

Premises

This business has an area of 229 sq. mts. plus storage and fully fitted modern professional fit out.

Location

Fabulous location directly opposite the main entry as you walk into the shopping centre in the Northern Beaches

Trading Hours

7 days - 8 am to 6.30 pm.

Lease

7 year lease commenced 06.22 with a further 5 year option - 4 % annual rental increases - 3 month bond

Employees

Currently run under full management the business requires 2 people plus the occasional casual at certain times during the week and year . The profit shown is based on one working owner running the business.

Comments

Please do not approach the staff of the business as the owners do not work in the business. Contact your SBX Business Broker for further information.

SBX ID

F3445

Figures
  • Takings: $30000/week (GST)
  • Cost of Goods: $18990
  • Gross Profit: $11010
  • Rent: $2900
  • Wages: $1500
  • Outgoings: $789
  • Telephone: $25
  • Insurance: $120
  • Electricity: $800
  • Misc 1: $399
  • Total Expenses: $8033
  • Nett Profit: $4470
  • Estimated Stock (Additional): $120000
  • All other values ex GST
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