Asian Supermarket - Asian Groceries - Convenience - Asian Supermarket - Grocery Store - Premium Location - $5800 Net P.w.

Business For Sale NEW SOUTH WALES 2750, New South Wales

Business Category Supermarket

$365,000.00

Description

Asian Supermarket - Asian Groceries - Convenience - Asian Supermarket - Grocery Store - Premium Location - $5800 Net P.w.

Asian Supermarket - Asian Groceries - Convenience - Western Suburbs - Agent SBX Code Number: SFG1052

Supermarket with excellent presentation comprising multiple aisles of top grade Asian groceries, two state of the art upright chillers and five display freezers. - Also featured are four chest freezers. - Well located checkouts and easy operation. - Excellent near new fit out.

Potential
Further develop website and home deliveries.- Promote via social media. -Further expand loyalty scheme.

Features
High foot traffic location in major shopping centre between two national chain supermarkets. - No direct competition. - Fixtures, fittings and refrigeration all in excellent near new condition. - Good mix of stock representing all the best cuisines and produce of Asia.

Premises
Near new supermarket featuring excellent fittings and fixtures across multiple aisles totalling 99 sq. metres.

Location
Superb high foot traffic location in major shopping centre between national retailers in outer Western Suburbs.

Trading Hours
7 days - Mon. - Wed. - Fri. - 9 a.m. - 7 p.m.- Thurs. - 9 a.m. - 9 p.m. -Sat. - Sun. - 9 a.m. - 7 p.m.

Lease
Current lease expires May 2022 - 2.5% annual increases - 3 month bank guarantee. - As this tenancy is well regarded a new lease should be available.

Employees
2 fulltime employees + 1 part time owner

Comments
Misc.- 1 - General sundry expenses in running business.- Misc.- 2 - GST. - This is a superb opportunity to purchase a well established leading Asian supermarket in a prime retail location between two national chain supermarkets.- The profitability shown is for two working owners with part time casual assistance.- Currently there are two full time employees with wages being approximately $1666 per week.- This figure has been removed from wages to the extent of $1166 per week.- The retail offering comprises an excellent range of all the main Asian cuisines and produce.- There is no direct competitor - Business currently runs on gross profit percentage of 29%. - All equipment and fittings are in excellent condition. - Business is suitable for working owner or existing supermarket operator looking to add an excellent store to existing portfolio.

Agent SBX Code Number: SFG1052 - Sydney Business Exchange
Contact Seller
Sue Blatchford

Bsale ID: 503000
Broker REF: SFG1052

SBX Business Brokers
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