Supermarket – Bargain Price - Southern Sydney Suburb

Description

Established for 30 years, the supermarket selling a full range of groceries, frozen food, drinks and Cigarettes.

Situated in the main street surrounded by residential and commercial units in a Southern Sydney Suburb.

The bright and neat supermarket has an area of 200 sq.mts, plus spacious living and dining area at the back, and a huge underground storage.

Weekly sales was $25,000 when owner was working in the store, but has dropped since the owner had big operation a few months ago and could not work any more. She has no choice but only replying on casuals managing the store and even cash. This supermarket is in urgent need of a smart owner to regain its glory.

The current owner bought this business for $270,000 plus SAV late last year after a full due diligence. But now due to illness, regretful to sell at nearly $100,000 loss.

Low rent of $1,100 pw. excluding GST , including all outgoings and water.

Lease has 2.5 years remaining plus 5 years option.

Potential:

Immediate revenue increase if stock ordering can be done on time or systematised.

Improve staff quality as the current casuals don’t seem to follow the rules, and to handle cash correctly.

Sell more variety of grocery, as there is a big Asian community but no Asian grocery in the suburb.

Ideal family business.

Listing Details

  • Listing Number: 26971-86716
  • Location: Rockdale City Council, New South Wales
  • Price: 80,000.00 AUD
  • Down Payment: 18,000.00 AUD
  • Sellers Discretionary Earnings: 0.00 AUD
  • Category: Retail Miscellaneous

  • Inventory: 0.00 AUD
  • FF&E: 0.00 AUD
  • Employees: 0
  • Years Owned: 0
  • Reason for Selling: Owner illness

Business Listed By: