Description

Supermarket mainly selling Korean, Chinese,Thai, Indonesian groceries, snacks, soft drinks, frozen food - Good margins around 40% of sales. The business was established 2021 and cost more than $200K, Currently no sale of cigarettes. high quality products with high margins

Potential

There are much more opportunities to expand the store and add more products such as cigarettes, alcohol, a bigger variety of goods etc. Develop wholesale business to many local restaurants. Add home delivery. Do more marketing to boost sales. Close to this shopping center is large apartment complex under construction. Can suit any business

Features

Prime location. Easy operation. Customers are regular locals. Wide frontage glass walls. No competition, Well set up near new supermarket.

Premises

This modern fit out, beautifully set up Asian Supermarket has an area of 161sqm

Location

Situated in shopping centre in popular Northern Beaches suburb.

Trading Hours

7 days - 9:00 am to 8:00 pm

Lease

7 years from November 2022 - 4% rent increases - 4months bond

Employees

1 owner full time + 1 part timer

Comments

The rent includes outgoings. Near new supermarket in perfect location near 2 major stores. The sale business price is below the shop equipment value. All equipment belongs to business ( water refiner machine, POS machine. 13x fridges, big sized cool room, freezer storage 24sq.mts - Motivated vendor. A must inspection.

SBX ID

W1971