Large Supermarket & Fresh Green Grocer – Providing, Fruit & Vegetables, Gourmet Delicatessen and Continental Groceries – Sydney’s North Shore

Price: $599,000 Location: North Shore - Upper, NSW Ref: 3934228
Agent:
Liam Hennessy
Agent Phone:
Office Phone:
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Business Headline :
Large Supermarket & Fresh Green Grocer – Providing, Fruit & Vegetables, Gourmet Delicatessen and Continental Groceries – Sydney’s North Shore
Price :
$599,000
Category :
Food/Hospitality, Fruit/Veg, Deli, Supermarket
Full Description :

This large retail & wholesale based Supermarket and Fresh Green Grocer with product ranging from fresh fruit & veg, impressive gourmet delicatessen and source of high quality continental groceries. 

High consumer convenience with 42 parking spaces on the premise. 

Due to health complications with the owner, the price of the business reflects the need of a quick settlement. 

Key Features:

  • Turnover – $67,000/week
  • Gross Profit -21,350/week
  • Net Profit – $2,500/week
  • Add Backs – $301,665 All Add Backs will be varified as a condition of sale
  • EBITDA – $8,300/week
  • Brand new 5 year + 5 Year lease term
  • Rent – $3,667/week for 739m2 and 42 parking spaces
  • One full time owner operator 
  • One Part time owner accounts/administrator 
  • 6 casual staff as needed
  • All equipment owned and 3 years old
  • Large dry and cold storage facilities
  • Easily accessible with designated parking & large street presence
  • Existing website with easily available information on all products on offer

Potential:

  • Potential for new & expanded service and product offerings, including liquor license, to increase revenue
  • Website could utilise online ordering & delivery 

Operated by Husband & Wife, but due to health reasons, this high-profit shop is for sale and a quick settlement is desired. 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=3934228#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=3934228#enquire-now

Annual Rent : $190,696 - Weekly Rent : $3,667

Annual Turnover : $3,483,848 - Weekly Turnover : $66,997

Annual Gross Profit : $1,110,379 - Weekly Gross Profit : $21,353

Annual Ebit : $431,585 - Weekly Ebit : $8,300

Premise : Leased

Lease Commencement : Jun 2017

Lease End : Jan 2022

Lease Option: 5 years

Total Land Area : 739 Square Metres

Total Floor Area : 739 Square Metres

Total No of Parking : 42

Franchise : No

Approximate Stock Value : $70,000

Year Purchased : 2014

Days Trading : 7

Staff : - 6 Casual

Staff Salaries : $326,404

Reason for Sale : Vendor Heath Complications

Location : Large Street Frontage with 42 Car Spaces, Between 2 Main Roads in Sydney's North Shore

Business Potential : Increasing wholesale arm, growing grocery product range, introducing larger array of cheeses, pre-prepared meals, organic product offering, liquor license, online ordering & delivery

Parking Comments : 42 cars - Designated car park, not included in total land area m2

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