Supermarket Fruit and Veg Shop -Nets $6,000 P/ Week -Under Management

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Sydney 2000 Sydney, New South Wales, Australia

68 3022
$650,000
HJ2KI1C1M0
5 months ago

Background and venue

This Fruite and Veg Grocery store has been operating more than 5 years. To this day it has remained a local and convenient grocery store servicing the Homebush area and neighbouring suburbs such as Strathfield and Concord.

The shop is open 7 days a week with complementing businesses including a Pharmacy, Liquor Store and Your friendly Grocer supermarket near by. The train station is also near by making it a very convenient place for afternoon shoppers on the way home from work.

Selling Fruit and Vegetables, continental groceries including dried fruit, nuts, can foods, oils, rice, dips, pasta, bread, dairy and meat products. Pre made dinner packs.

Operating Hours

Monday to Sunday – 6.00am – 9.00pm

Employees  

10 x Casuals (3 working full time hours, the rest part time hours)

Lease

Lease until 31st of May 2027 + 5 year option. Currently 9 years remaining, annual increase 4% or CPI , 3 months bond

Potential

  • Owner operator can save on wages
  • Introduce Home delivery’s
  • Introduce more home packs or premade lunch, dinner
  • Introduce pre packed meat section
  • Advertise on social media, facebook, Instagram

Weekly Financials

Weekly Takings   $81,671
Cost of Goods     $57,169
Gross Profit .       $24,501
Rent                     $6554 (EX GST)

Outgoings           $1682
Wages                 $7,000 (does not include the owners wage)
Telephone            $20
Insurance             $155
Electricity             $800

Transport            $1200
Miscellaneous      $1000 (bank fees, repairs & maintenance, GST)

Total Expenses   $18,411

Nett Profit            $6090


Stock                    $120,000

Asking Price         $650,000 + Stock

Reason for sale:

Genuine reason for sale – Other Business interest 

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Business Location City of Sydney, New South Wales, Australia

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