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Food works Supermarket in Sydney city Suburb for sale -1SELL Listing Number:1AU0117

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1SELL Listing Number: 1AU0117 Food works Supermarket in Sydney city Suburb for sale. 

Asking Price $599,000 + SAV.

This is a gem of an opportunity to buy the beautiful Supermarket in a niche city suburb of Sydney.

Operating for over 10 years. This is a well-maintained store selling fruit, vegetable, groceries, deli, Flowers.

Currently fully under management, however this would be good for owner couples’ operators.

Features of business:

•              Currently operated under Management. Great opportunity for owner operator. Features: long lease till 2026 + 5+5 further option lease.

.       Operating hours- Monday to Sunday- 7am to 8pm

Fruits, vegetables, and Groceries

•              Monthly over $145,000 of sale at supermarket. Currently averaging 31% GP

•              Cool rooms are in place

•              Extra storage room in place.

•              Strong loyal customer base

•              Genuine vendor due to other commitment selling the business

Revenue and Expenses

•              Store sales- over $145,000/month with the GP of 31%

•              Rent per Month = $8007/month + GST

•              Wages expenses = $15416 /month approx.

•              Monthly net earnings for under management before tax= $15701/month, under management if Owner’s couple operated $24320/month before tax.

Cost to Purchase

•              Business: $599,000

•              3-month lease bond: $24,000

•              1 Month rental advance $8007

•              Stock: $150,000-$200,000

•              Legal fees for buying the business and lease

Potential

•              Great opportunity for owner operator.

•              Good to add fresh juice bar as separate place is available.

•              Organic concept may do very well in this area. As locals are health conscious. 

Disclaimer: Listing photos are for illustration purposes only and are not actual images of the business on sale. THE PURCHASER IS TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

Details

Suburb Matraville
Property Type Business
Category Retail

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