Three Convenience Stores “friendly Grocer” For Sale – Qld

Business For Sale QUEENSLAND 4350, Queensland

Business Category Supermarket

$3,000,000

Description

Three Convenience Stores “friendly Grocer” For Sale – Qld

Business ID: BS145629

Under Management, Profits close to $600k, and $250k Weekly Turnover - Asking Price $3M.

Located in Toowoomba, the three stores are in small shopping villages. Each store has slight differences in the services they offer, all fully customized to nearby demographics. Two of the three stores are under management, while one store is directly supervised by one of the owners. Looking for constant floor space optimisation, the stores have been consistently performing.

-Stores existing for over twenty years,
-Two stores Under Management,
-Under Management model ready for the third store,
-FY 21 – Forecasted turnover over $13M,
-Fy 21 – Forecasted Profit over $750k+,
-Successful deployment of new services in one store, ready to deploy to other two,
-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,
-Floorspace optimization,
-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 suppliers relationships are in place,
-Streamlined payroll thanks to shifting optimization,
-Procedures in place for restocking & 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 constant yearly $600k return, the business is almost fully 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: $3M + Stock inclusive of assets

Similar Businesses For Sale


This business is somewhat unique and has no similar competition in this region, category or price bracket.


Contact Seller
Amanda Bolton
  • Amanda Bolton

Bsale ID: 524989
Broker REF: 6335340

Xcllusive Business Sales Pty Ltd
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