Grocery Store/$2 Shop For Sale

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Melbourne Region VIC Region, Victoria

$198,000

Key Features

AI generated. Contact seller to confirm.

Located on a busy shopping strip
230 sqm extensive premises
Low rent of $2,280 per month
5x5-year long-term lease until April 2030
$670,156 annual takings
$230,000 net profit

Turnover: $670,156
Net Profit: $230,000
Rent/Lease: Rent $2,280 per month; Lease 5x5 years, expires April 2030 (CPI)
Stock Value: $100,000
Established: Well-established

Business Details

Business Category Supermarket

Available for acquisition is a convenience store offering groceries and discount gift items, deriving $670,156 in annual revenue and $230,000 in net profit. With low rent, a long-term lease and steady foot traffic, it provides a substantial acquisition opportunity.

*$670,156 annual takings
*$100,000 stock value
*5x5 long-term lease
*Located on a busy shopping strip
*Low rent of $2,280 per month
*Extensive 230 sqm premises

John Zhang and the team at LINK Melbourne are excited to present a well-established grocery store in the northern suburb of Melbourne to the market.

This convenience store is located in a busy shopping strip. The store covers 230 sqm and offers a mix of groceries and discount gift items, making it a go-to spot for locals. With consistent foot traffic, the business derives annual takings of $670,156 and a good net profit of $230,000.

The business is run by one owner-operator. Stock is about $100,000 and rent is competitively priced at $2,280 monthly. Additionally, the lease runs on a 5x5-year term, expiring in April 2030, with a CPI increase.

There is potential for further growth, especially with a fresh approach to operations or marketing. The business is well-established, with low rent and high-profit margins, making it a solid investment. The asking price is $198,000.

Listing ID: ME03038
Broker: John Zhang
Phone: XXXXXXXXXX 0
Email: XXXXXXXXXX
Ref: ME03038
Timestamp: XXXXXXXXXX 3002