Business For Sale BS147401, Toowoomba, Queensland 4350
Business Category Supermarket
Convenience Store “friendly Grocer” In Westridge – Qld
Business ID: BS147401
Could be turned Under Management, FY 21 $323k Profit, and $$73k Weekly Turnover - Asking Price $ 730,000
Located in Toowoomba, the store is located in a small shopping village. The Store is offering a bespoke range of items matching the nearby demographics. This store is currently managed by the owner but easily can be run under full management as the owner’s other stores are. Looking for constant floor space optimisation, the store has been consistently performing and improving year on year.
-Store existing for over 20 years
-Under Management model ready for this store!
-FY 21 – Profits of $323,357
-FY 21 – Turnover of $3,836,827
-FY 21 – over 33% return on investment to owners
-Fantastic partnership with Metcash
-Great analytics and reports offered by Operations Management Software
-Offering a review of sales analytics
-Immediate correction of line items if needed
-Replacement of services if underperforming
-PDA software for stock management and ordering
-All marketing, discounts and rebates managed by Metcash and Software Solutions
-All internal procedures are in place
-Optimized stores rosters
-All local supplier relationships are in place
-Streamlined payroll thanks to shifting optimization
-Procedures in place for restocking and deliveries
-All assets, flooring, shelving, fridges are in good working condition
The owners are offering one month of training part of the sale and another two months at an agreed hourly rate.
This business is ideal for a newcomer into convenience stores but also for an existing retail store owner looking for additional locations. Offering a strong yearly $323k return, the business can easily be turned under management. Technology and convenience have been successfully coupled, enabling the stores to attract a whole different kind of demographics while keeping their loyal customer base. All set for new owners to reap the benefits harvested over the last few years.
Asking Price: $730k + Stock inclusive of assets
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