Established & Profitable Supermarket, Eastern Suburbs SYD | ID: 1198

Business Headline : Established & Profitable Supermarket, Eastern Suburbs SYD | ID: 1198

Price : EOI – Expression of Interest > $1,999,990 Category : Food/Hospitality, Retail, Supermarket

Set up by industry experts, this immaculate grocery store has been operating since 2009 and has cultivated an excellent reputation within the community.

Selling a wide range of fruit and vegetables, groceries, frozen food and daily products, the store has been able to differentiate itself from its competition by offering exceptional customer experience and thus controlling a strong market share.

As an established and profitable business, the store has achieved an excellent average sales growth trajectory. It is also recession-proof, having operated successfully during the COVID-19 pandemic. A truly magnificent business overall, priced to sell, will not last long!

Key features include :

• Prime position and exposure on major transport arterial.
• Functional layout covering 1,500 sqm. State of the art facilities including 4 x POS, dock, office, ample parking, packing room, cool & freezer rooms, storage & amenities areas. Over $500K recently invested in CCTV, new shelving and lighting.
• Sales circa $150K per week, with very strong & consistent net profit margins.
• Unrivalled , long term lease to 2052, segmented by options of 5 years with no market reviews & 3 % annual increases.
• Extremely modest rent and outgoings of $4.8K per week exc gst – Equivalent to 3% of sales.
• All equipment is owned & unencumbered. Strong supplier arrangements in place.
• Loyal and highly efficient staff management team in place to assist transitioning and training. Employees include 1 owner + 2 General Managers + 1 Front Desk / Seafood and Meat Manager +1 Fresh produce buyer + 10-15 casuals on the floor
• Efficient in-house management systems to minimised overheads and increase agility.
• Business can be successfully run under management.
• Operating Hours 7 days – 7 a.m.- 8 p.m.
• Owner selling for legitimate reasons
• Huge capacity and potential for significant growth in revenues