Asian Supermarket- Under Management - Retail - SM1519

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$499,000

Description

Asian supermarket and grocer providing a delicious variety of Asian cuisine and grocery essentials with a large range of goods and cooking advice.- The store offers a wide variety of traditional delicacies and fresh produce including dumplings, drinks, noodles, sweets with Chinese, Malaysian, Japanese and Indonesian offerings.

Potential

Currently trading under management, - huge potential for owner operators to improve the sales. Develop home delivery and wholesale.

Features

Great location. - Affluent suburb. - Very high margins. - No competition. - Easy to operate.

Premises

State of Art recent quality fit-out with an area of approx. 200 sq. mts. including store room.

Location

Perfect location in the Upper North Shore high foot traffic shopping centre.

Trading Hours

7 days - 8 am to 6:30 pm.

Lease

Current lease expires 1st November 2031. - 5% annual increases now and from 2027 it will be 3% increases. - 3 months Bank guarantee.

Employees

Manager plus 3 casuals.

Comments

The rent includes all outgoings and water. - Misc.- 1- Refers to shop cardboard removal, bank fees. - New business in great location with great profit. - Inspection is highly recommended. - Please do not speak to anyone when visiting the premises

SBX ID

SM1519

Figures
  • Takings: $38000/week (GST)
  • Cost of Goods: $24500
  • Gross Profit: $13500
  • Rent: $4267
  • Wages: $3000
  • Electricity: $670
  • Misc 1: $563
  • Total Expenses: $8500
  • Nett Profit: $5000
  • Estimated Stock (Additional): $150000
  • All other values ex GST
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