Supermarket -Chinese / Asian Groceries – Retail
Business Code: M2206
$70,000
Enquire now+ Estimated Stock (SAV) $80,000
Key Features: Perfect location. Newly set up shop. Spacious shop with high quality fitout. Long lease. Great growth potential for motivated owner operator.
State: NSW
Suburb: Epping
Location: Situated in centre of shopping street in popular North West suburb.
Premises: Near new and well presented supermarket with an area of approx. 200 sq. mts. which includes an office plus large store room downstairs with an area of approx. 70 sq. mts.
Partnership split
Sale Reason
March 2021
Established
4 parking spaces.
Parking
2 owners
Employees
7 days - 9 a.m. to 9 p.m.
Trading Hours
The current lease expires 26th November, 2026 with a further 5 year option -3% annual increases. - 3 months bond.
Lease
Supermarket mainly selling Chinese / Asian groceries, snacks, soft drinks, frozen food and daily fresh vegetables. Good margins around 33% of sales. The profit shown is based on 2 owners working full time in the business. Currently 2 owners only work part-time in the shop and are involved in other jobs. The business was established in 2021 and cost more than $300k.
Features
Perfect location. Newly set up shop. Spacious shop with high quality fitout. Long lease. Great growth potential for motivated owner operator.
Potential
Develop wholesale business to local restaurant and cafe. Add home delivery. Promote market to boost sales. A hands on new motivated owner will improve the business and increase sales and make more profit. Could convert to different type of supermarket such as Indian or Korean.
Comments
The rent includes outgoings. Near new supermarket in perfect location looking for a new and motivated owner operator. The sale price is below the shop equipment value. Near 3 years sales report can be reviewed. A must to inspect.
