Convenience Store- Under Management-Cigarettes - GN1375

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$425,000

Description

Branded convenience store under management - selling range of drinks, confectionery, cigarettes, groceries, toiletries and some pharmaceuticals.

Potential

To add opal cards - bus cards - ATM - takeaway coffee - delivery service.- would suit 2 owners and save on wages

Features

Prime position with heavy foot traffic.- Under management - One bedroom residence included in rent.

Premises

Approximately 30m2 with separate store room.

Location

Ideally situated in the heart of a village on the lower North Shore.

Trading Hours

7 days - 7 am to 10 pm.

Lease

5 year lease commenced 01/07/2021 plus 5 year option. $13,000 bank guarante CPI annual increase.

Employees

One Manager - 3 casuals.

Comments

The business is currently fully managed, and the manager is paid $1,312 per week. If the new owner chooses to run it themselves, they could save this amount in wages. There's also a self-contained one-bedroom unit above the shop with a separate entrance. It is currently rented out for $500 per week, which effectively reduces the business's weekly rent to $813.

SBX ID

GN1375

Figures
  • Takings: $11825/week (GST)
  • Cost of Goods: $4912
  • Gross Profit: $6913
  • Rent: $1313
  • Wages: $2563
  • Telephone: $20
  • Insurance: $25
  • Electricity: $174
  • Misc 1: $118
  • Total Expenses: $4213
  • Nett Profit: $2700
  • Estimated Stock (Additional): $50000
  • All other values ex GST
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