Multiple Indian Grocery Stores Hit the Market in Australia

by Catherine Mangana 2nd of July, 2024
Multiple Indian Grocery Stores Hit the Market in Australia
Multiple Indian Grocery Stores Hit the Market

The cost of living, especially grocery prices, is a hot topic in Australia. While supermarket giants generate headlines with their massive profits, smaller independent grocery stores, particularly in regional areas, are making their mark.

All across Australia, there are supermarkets for sale from independent retailers, IGA and Foodworks to fuel stations with a grocery stores inside. Many reporting healthy profits to their owners. 

Recently, we are seeing a growth in speciality grocery stores hitting the market, in particular South Asian Supermarkets that primarily sell Indian, Pakistani, Bangladeshi and Sri Lankan produce. These stores have a focus on products sourced from these countries that are difficult to find in the mainstream supermarkets such as spices, rice, snacks and condiments. With weekly sales in excess of $10,000 these supermarkets are a good option for buyers.

The average price of a supermarket for sale on Bsale is approximately $575,594, plus the cost of stock. There are currently an estimated $222 million worth of supermarkets for sale reflecting a number of opportunities for buyers. 

In the past week, two new Indian supermarkets have been listed for sale on Bsale, showcasing the evolving market and increase in these specialty stores. 

When buying a supermarket, one of the most significant expenses is the stock value (SAV), which is usually an additional cost beyond the asking price. A detailed stock take occurs during the negotiation period. Supermarkets can be purchased as either leasehold or freehold properties, depending on the opportunity available. 

We take a look at some of the Indian grocery stores recently hitting in the business for sale market:

5 Indian Supermarkets for Sale Now

1. Indian and Sri Lankan Grocery Store in ACT

Location: Gungahlin District, Canberra
Price: $450,000 WIWO
Rent: $750 per week
Turnover: $1,200,000 per annum

Situated in a bustling shopping area in the Gungahlin district of Canberra, attracting high footfall. The owner is relocating, offering you a rare chance to own a thriving, easy-to-operate business, built with love and hard work.

For more details, visit the listing page.

2. Thriving Indian Grocery Store For Sale - Ringwood VIC

Location: Ringwood, VIC
Price: $170,000 + Stock
Rent: $800 per week (including GST)
Turnover: $10,000 - $11,000 per week

This well-established Indian grocery store in Ringwood offers a strong revenue stream, low overhead costs, and a spacious, modern shop. The business is located on a busy main road with ample customer parking and includes all necessary equipment for a seamless handover.

For more details, visit the listing page.


3. Busy And Well Known Indian Grocery Shop Business For Sale -  Taylors Hill VIC

Location: Taylors Hill, VIC
Price: $160,000 + Stock
Rent: $2,125 per week (including GST & outgoings)
Turnover: $13,000 - $14,000 per week

This busy and well-known Indian grocery shop offers a high-profit margin, strong weekly sales, and a prime location with ample parking. It features modern fixtures, a secure lease, and established relationships with clients and suppliers.

For more details, visit the listing page.


4. Profitable & Well Established Indian Grocery Shop - Melbourne West VIC

Location: Melbourne West, VIC
Price: $160,000 + Stock
Rent: $4,100 per month (including GST)
Turnover: $50,000 to $60,000 per month

This well-established Indian grocery shop features a loyal client base, established supply connections, and a fully equipped setup. Located in a bustling neighborhood with high foot traffic and ample parking, this turnkey operation includes all necessary equipment and inventory.

For more details, visit the listing page.

5. Grocery Shop - Mill Park VIC

Location: Mill Park, VIC
Price: $55,000 + Stock
Rent: $770 per week + GST
Turnover: $6,000 per week

This well-established Indian grocery shop in Mill Park features a strong customer base and high foot traffic, especially during community events at a nearby temple. The shop includes all necessary equipment and has a lease until December 2027.

For more details, visit the listing page.

Loan Options to Buy a Supermarket

Major banks like Commonwealth Bank, Westpac, and NAB offer business loans tailored to purchasing commercial properties like supermarkets. Depending whether you are buying freehold or leasehold there are various ways to structure the loan. These loans typically require a solid business plan and substantial collateral.

Non-bank lenders such as Prospa, Moula, and GetCapital provide business loans with more flexible terms, though they may come with higher interest rates compared to traditional bank loans. They may be able to assist you to buy the business and get a separate loan to purchase the stock. 

Vendor finance is also an option, this involves negotiating with the seller to finance part of the purchase price. It can be a viable option if traditional financing is insufficient or unavailable.

So how can you buy an Indian Supermarket?

Buying a business takes careful consideration and investment. If this is your first time buying a business its a good idea to check out the Bsale guide on how to buy a business. It has a handy checklist you can use to walk you through the process. 

Tags: supermarket buying a business grocery stores

About the author

Catherine Mangana

Customer Support

Catherine enjoys generating articles that highlight some of the opportunities that are now available for purchase on Bsale. She hails from a family of ...

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