Retail - Asian Groceries - Under Management - W1963

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$650,000

Description

Retail Korean grocery store. known for its impressive variety of products, It offers everything from traditional Korean dishes to Japanese and Chinese goods . Customers appreciate the clean and organised layout, along with the friendly staff who are always ready to assist. Has a strong focus on frozen foods and unique ingredients, Quality reviews highlight the excellent quality of food items, particularly frozen meals and fresh seafood, which many customers describe as almost restaurant-quality. The store boasts an extensive range of products, including rare Korean groceries and prepared meal sets that cater to diverse culinary needs. - 15 fridges + freezer with 48 doors.

Potential

Perfect business for family - Open home delivery to surrounding apartments and houses. Add more Chinese, Japanese groceries. Promotion and marketing through local papers and internet.

Features

Google rating 5.0 - Convenient location. - Many users commend the vast selection of Korean products and the high quality of frozen foods.- The store's cleanliness and organisation also receives positive remarks alongside attentive customer service.

Premises

Ground floor has an area of 357 sq.mts. and upstairs 120 sq. mts.

Location

Situated close to 2 major supermarkets in the Inner West.

Trading Hours

7 days - 8:30 a.m - 8:00 p.m

Lease

Current lease expires November, 2028 + 7yrs option- Bond $60,500, - Rent increases by 3% per year.

Employees

Fully under Management - 6 part timers

Comments

This supermarket is a go-to destination for anyone looking to explore Asian cuisine. -Upstairs has an office, 2 toilets, sink, food preparation stand and big cool room installed.

SBX ID

W1963

Figures
  • Takings: $42000/week (GST)
  • Cost of Goods: $26040
  • Gross Profit: $15960
  • Rent: $4925
  • Wages: $3750
  • Telephone: $40
  • Insurance: $30
  • Electricity: $2700
  • Total Expenses: $11445
  • Nett Profit: $4515
  • Estimated Stock (Additional): $165000
  • All other values ex GST
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