Under Management Fruit And Veg Grocery With Deli And Cafe - Netting $17,000 P/ W - South Coast
Wollongong & Illawarra Region NSW Region, New South Wales
SOLD
Key Features
AI generated. Contact seller to confirm.
- Netting approximately $17,000 per week
- Operated under management, owner buys produce
- Newly fitted out costing over $1 million
- Cafe trading $25,000–$30,000 per week
- Low rent representing less than 3% turnover
- Potential conversion to IGA subject to landlord approval
- Turnover: $150,000 per week
- Net Profit: $17,310 per week
- Rent/Lease: Rent $3,840 (ex GST) per week; Lease 10 years to 2031 + 5-year option, 3% annual increase, 1 month bond
- Stock Value: $350,000
- Established: Over 20 years
Business Details
Business Category Butcher and Deli Cafe Fruit Shop
Background and venue
This is a family owned business with over 20 years experience in fruit and veg and retail stores. The business is passionate about fresh produce, hand picking only the best fruit & vegetables daily.
The store runs one of the best deli's in the region serving freshly cut cold meats, cheeses, olives, seafood and a great section of frozen products.
Newly fitted out cost over $1million. Which includes a café averaging around $25,000 - $30,000 per week.
Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs.
Currently run under management with the owner only involved in the buying of fruit and veg. 7 days operation
Potential to convert to IGA subject to landlord approval.
Operating Hours
Monday to Sunday 8.00am 5.30pm
Employees
4 full time managers, 35 to 40 casual staff
Lease
10 year lease expires 2031+ 5 year option, 3% annual increase, 1 month bond
Potential
• Low rent representing less than 3% of turnover
• 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 $150,000
Cost of Goods $83,700
Gross Profit $57,000
Rent $3840 (ex gst)
Outgoings $300
Wages $29,000 (includes super, not including owners)
Telephone $50 (includes internet)
Insurance $800
Electricity $1200 (includes gas)
Transport $1500
Misc 1 $3000 (repairs and maintenance, GST, waste
removal)
Total Expenses $39,690
Nett Profit $17,310
Stock $350,000
Asking Price $1,950,000 + Stock ($300,000)
Reason for sale:
The owner is looking to retire after 20 years in the business.
This is a family owned business with over 20 years experience in fruit and veg and retail stores. The business is passionate about fresh produce, hand picking only the best fruit & vegetables daily.
The store runs one of the best deli's in the region serving freshly cut cold meats, cheeses, olives, seafood and a great section of frozen products.
Newly fitted out cost over $1million. Which includes a café averaging around $25,000 - $30,000 per week.
Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs.
Currently run under management with the owner only involved in the buying of fruit and veg. 7 days operation
Potential to convert to IGA subject to landlord approval.
Operating Hours
Monday to Sunday 8.00am 5.30pm
Employees
4 full time managers, 35 to 40 casual staff
Lease
10 year lease expires 2031+ 5 year option, 3% annual increase, 1 month bond
Potential
• Low rent representing less than 3% of turnover
• 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 $150,000
Cost of Goods $83,700
Gross Profit $57,000
Rent $3840 (ex gst)
Outgoings $300
Wages $29,000 (includes super, not including owners)
Telephone $50 (includes internet)
Insurance $800
Electricity $1200 (includes gas)
Transport $1500
Misc 1 $3000 (repairs and maintenance, GST, waste
removal)
Total Expenses $39,690
Nett Profit $17,310
Stock $350,000
Asking Price $1,950,000 + Stock ($300,000)
Reason for sale:
The owner is looking to retire after 20 years in the business.
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.
