Sold - Foodworks Supermarket - Grocery And Liquor Store – Geelong, Vic

Business ID: BS153114

Turnover: $640k - ROI approx. 20% - No Competition

Easily run by an Owner-Operator or Manager with P/T staff, Foodworks Geelong is a solid investment with growth potential in an expanding location.

The new owner will benefit from the many new Hotels and Residential Developments springing up within 200mof this business – plus the group buying and marketing power of Foodworks.

Business Highlights:

- Very well-known Local Store – Loyal customer base

- Extended from Liquor Store to Foodworks business in 2017

- Premises approx. 300sqm - Large floor space &storeroom area

- Central Geelong location – Only Grocery & Liquor store in the area

- Marketed through Social Media & weekly Foodworks Group promotions

- Customers include Locals, Tourists, Visitors

- Trading hours can be extended into the evening - Liquor License permission till 11 pm

- Total Asset Value$210k including stock

- 2 weeks’ vendor assistance provided to new owner

With its long lease and prime position, the premises have the space and potential to develop new product lines or a small takeaway.

Geelong is home to the largest greenfield planning project in regional Victoria – set to welcome around 110,000 new residents.

This regional city has experienced unprecedented growth, attracting many new services, developments and investors.

Price:$139,000 + SAV + GST if any

Property Code: 3218