Supermarket - Retail - Asian Goods - W1966

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$680,000

Description

Retail Korean grocery store. known for its impressive variety of products, It offers everything from traditional Korean dishes to Japanese and Chinese goods, a large range of fresh Asian fruit and vegetables and especially huge range of Korean frozen, ready to eat special foods. - Prices are cheaper than the other non Asian major supermarkets. Amazing modern shop fit out with all equipment including numerous wall attached chillers and fridges are newly installed.

Potential

Add more Chinese, Japanese groceries. Great potential for hands on owner operators who would be committed to the further success of the business by engaging with customers.

Features

Great location in a major modern shopping centre - Under management - Extremely well stocked store with large popular range of Asian supermarket items. - The shop is clean and well organised - Long secure lease.

Premises

State of art recent quality fit-out with an area of 428 sq.mts. including store room

Location

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

Trading Hours

7 days - 8:40 am to 7:00 pm.

Lease

10 yrs lease from December 2022 - Bond 4 months - Rent increases by 4% per year.

Employees

Fully under Management - 1 Manager + 6 part timers

Comments

Normal closing time is by 8:40 a.m. - 5:00 p.m. Opening longer hours costs extra rent per hour. Many kinds of frozen Korean food are supplied by Vendor's trading company. Motivated vendor. A must inspection. Contact vendor through your SBX broker.

SBX ID

W1966

Figures
  • Takings: $84921/week (GST)
  • Cost of Goods: $52651
  • Gross Profit: $32270
  • Rent: $9568
  • Wages: $8412
  • Outgoings: $222
  • Telephone: $100
  • Insurance: $250
  • Electricity: $1500
  • Misc 1: $90
  • Misc2: $13
  • Total Expenses: $20155
  • Nett Profit: $12115
  • Estimated Stock (Additional): $150000
  • All other values ex GST
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