Northside Discount Fruit Barn, Rothwell, Proven Potential, Fy21 $200k Potential To Owner/op

Business For Sale Brisbane QLD Region, Queensland

Business Category Fruit Shop Supermarket

$299,000 + SAV

Description

Northside Discount Fruit Barn, Rothwell, Proven Potential, Fy21 $200k Potential To Owner/op

Offered is a well established phenomenal Fruit and Veg and Grocery Barn


Preliminary information:

Huge 1,500m2 trading area + footpath licenced selling area

Current Lease expires 15/10/2023 + 5 year option

Rent excluding G.S.T. is $31,307 per month + $754 per month - External Licence area rent
Outgoings excluding G.S.T. is $6,951

Permitted use is - The sale of fresh fruit and vegetables and retail sale of delicatessen, international foods and grocery line products

Fitout is satisfactory for purpose and includes a huge walk-in coolroom. No vehicles!

Business has been established many years and extremely well known in the greater northern region

FY2021 turnover (Approximately) was $5,000,000 (Approx 26% GP)

SAV is estimated in the region of $70,000 F&V + $50,000 Grocery

Current Trading Hours are Mon Fri 6.00am 6.30pm, Sat Sun 6.00am 6.00pm

Current Staffing is Manager + 12 Casuals

Immediate potential growth areas include
• Increase grocery offering (Needs approx. $150,000 injected)
• Introduce cigarettes
• Introduce Golden Casket etc.

Reason for sale - Overstretch Owner with other (larger) business interests

Potential Return to Owner Operator FY21 was $200,000 EBITDA

For more information, please contact

Reg Butler

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(photos are representational)
Contact Seller
Reg Butler

Bsale ID: 577793
Broker REF: BAY102

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