Supermarket – Chinese Groceries
Business Code: M2191
$185,000
Enquire now+ Estimated Stock (SAV) $65,000
Key Features: Great location. - Long established for many years. - Regular customers. - Long lease with reasonable rent. - Stable profit. 4 bedrooms upstairs can be living or rented for extra income.
State: NSW
Suburb: Burwood
Location: Prime street front location in busy shopping street in popular Inner West suburb.
Premises: Well presented shop with an area of approx. 150 m2 plus 4 bedrooms upstairs.
Needs to retire
Sale Reason
Many years
Established
One owner + 1 full time staff
Employees
7 days - 9:30 am to 11 pm.
Trading Hours
5 + 5 years lease commenced June 2020. 3% annual increases. 3 months bond.
Lease
Supermarket selling Chinese groceries, snacks, frozen food, cigarettes, daily fresh vegetables etc. The takings include wholesale to local restaurants. Busy trading time is evening and weekend.
Features
Great location. - Long established for many years. - Regular customers. - Long lease with reasonable rent. - Stable profit. 4 bedrooms upstairs can be living or rented for extra income.
Potential
Do more marketing. Add more products. Ideal for family business. Could convert to different type of Asian Supermarket.
Comments
Misc.-1- Rubbish bin - The total rent is $1899 a week including gst plus outgoings 4 bedrooms upstairs with separate entrance rented for $620 a week, therefore the current base rent paid is $1279 p.w. This is a good and profitable business in hot spot shopping area. Inspections must be through a broker.
