Supermarket - Asian Groceries - W1930

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$195,000

Description

Asian Grocery / Supermarket selling Korean and Japanese 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, spacing gives products maximum display and accessibility. No similar businesses around this area - high margin business with separate cool room, fridge room and freezer room installed for fruit and vegetables. They are also licensed to sell liquor until 10.00 p.m.

Potential

Add Chinese products as well. Suits family business. Ideal for motivated owner operator. Promote and deliver to surrounding apartments and residential area. - Do some local marketing and advertising. Add more vegetables and fruits.

Features

Absolutely no competition. - Prime location. A good size Asian grocery store. Stable business with regular customers. Spacious and bright. Established 13 years. Licensed to sell liquor.

Premises

This business has an area of 240 sq.mts. with storage.

Location

Residential and commercial area in Sydney West.

Trading Hours

7 days - 8:30 am to 8:00 pm.

Lease

Current lease expires October 2026 + 5 year option. 3 months bond. Rent increases by 4% per year

Employees

3 owners - ( Family business)

Comments

Rent includes outgoings. Car park is $100 / month. Very well organised Asian Grocery/ Supermarket. High margin business. - Inspection is highly recommended. - Figures available on appointment with POS system. Very easy to run business.- Owner will provide full training 4 weeks. Inspection through your broker. Motivated vendor. A must inspection.

SBX ID

W1930

Figures
  • Takings: $24000/week (GST)
  • Cost of Goods: $18000
  • Gross Profit: $6000
  • Rent: $2500
  • Insurance: $87
  • Electricity: $550
  • Misc 1: $25
  • Total Expenses: $3162
  • Nett Profit: $2838
  • Estimated Stock (Additional): $100000
  • All other values ex GST
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