Supermarket Fruit And Veg Shop - Netting $8000 Per Week - Long Lease - Low Rent - Sydney Inner West
Drummoyne, New South Wales 2047
$1,050,000
Key Features
AI generated. Contact seller to confirm.
- Netting approximately $8,000 weekly
- Low rent, under 4% of sales
- Owner operated, 6.5 days trading
- Prime inner west Drummoyne location
- Potential for online deliveries and expansion
- Long lease with 7 years remaining
- Turnover: $77,474 per week
- Net Profit: $8,744 per week
- Rent/Lease: $3,019 per week (ex GST, includes outgoings); Lease 5+5 years, 7 years remaining, CPI increase, 4 months bond
- Stock Value: $150,000
- Established: Over 20 years
Business Details
Business Category Fruit Shop Supermarket
Background and venue
This inner west supermarket and fruit and veg shop is a family owned business with over 20 years experience in fruit and veg and retail. They are passionate about fresh produce, hand picking only the best fruit & vegetables daily.
Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs, frozen products and some supermarket lines
Currently owner operated open 6.5 days a week closed 2pm on Sunday
Potential to join Food works or Friendly grocer subject to landlord approval.
Operating Hours
Monday to Sunday 7.30am 6.00pm Sunday until 2pm.
Employees
3 full timers, 8 casual staff
Lease
5+5 year lease, 7 years remaining, CPI increase, 4 months bond
Potential
• Potential to extend trading hours
• Introduce online home deliveries
• Introduce more home packs or premade lunch, dinner
• Advertise on social media, facebook, Instagram
Weekly Financials Based on Last 12 Months POS Sales
Weekly Takings $77,474
Cost of Goods $50,087
Gross Profit $27,387
Rent $3019 (ex gst, includes outgoings)
Outgoings $757 (includes rubbish removal)
Wages $11,367 (not including owners wage)
Telephone $100 (includes internet)
Insurance $300
Electricity $600
Transport $1500
Misc 1 $1000 (packaging, merchant fees)
Total Expenses $18643
Nett Profit $8744
Stock $150,000
Asking Price $1,050,000 + Stock
Reason for sale:
The owner is looking to retire after 40 years in the industry.
The Opportunity:
Low rent. The rent is less than 4% of the sales. Net profit $8,000 per week. Open 6.5 days currently closes early on Sunday. One of the best Deli's in the area for freshly cut meat and cheeses.
New owner can add home deliveries, wholesale, increase flower range, pre dinner packs or more supermarket lines to increase sales and profit.
This inner west supermarket and fruit and veg shop is a family owned business with over 20 years experience in fruit and veg and retail. They are passionate about fresh produce, hand picking only the best fruit & vegetables daily.
Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs, frozen products and some supermarket lines
Currently owner operated open 6.5 days a week closed 2pm on Sunday
Potential to join Food works or Friendly grocer subject to landlord approval.
Operating Hours
Monday to Sunday 7.30am 6.00pm Sunday until 2pm.
Employees
3 full timers, 8 casual staff
Lease
5+5 year lease, 7 years remaining, CPI increase, 4 months bond
Potential
• Potential to extend trading hours
• Introduce online home deliveries
• Introduce more home packs or premade lunch, dinner
• Advertise on social media, facebook, Instagram
Weekly Financials Based on Last 12 Months POS Sales
Weekly Takings $77,474
Cost of Goods $50,087
Gross Profit $27,387
Rent $3019 (ex gst, includes outgoings)
Outgoings $757 (includes rubbish removal)
Wages $11,367 (not including owners wage)
Telephone $100 (includes internet)
Insurance $300
Electricity $600
Transport $1500
Misc 1 $1000 (packaging, merchant fees)
Total Expenses $18643
Nett Profit $8744
Stock $150,000
Asking Price $1,050,000 + Stock
Reason for sale:
The owner is looking to retire after 40 years in the industry.
The Opportunity:
Low rent. The rent is less than 4% of the sales. Net profit $8,000 per week. Open 6.5 days currently closes early on Sunday. One of the best Deli's in the area for freshly cut meat and cheeses.
New owner can add home deliveries, wholesale, increase flower range, pre dinner packs or more supermarket lines to increase sales and profit.
What's Nearby
Nearby Locations
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.