Supermarket - Asian Groceries
Business Code: W1952
$200,000
Enquire now+ Estimated Stock (SAV) $70,000
Stock image for illustration only. Real photos are available after you register as a buyer.
Key Features: Asian grocery supermarket - No competition - Prime location in Inner West
State: NSW
Suburb: Ashfield
Location: Situated on ground floor of a high rise building on main street commercial area in the City Fringe
Premises: This business has an area of 99 sqm including cool room.
Business Overview
Established Korean grocery and convenience store offers an excellent opportunity to acquire a profitable, fully fitted retail business with strong daily sales and a loyal customer base. Positioned in a high exposure location beneath a large residential complex and close to major public transport, the business benefits from consistent foot traffic throughout the day. The premises are approximately 99sqm and presented in excellent condition, with indoor and outdoor seating, secure storage areas and on site parking. The sale includes an extensive range of near new equipment, refrigeration and operational assets, allowing a purchaser to commence trading immediately without further capital expenditure. Supported by a secure long term lease, established supplier relationships and comprehensive handover training, the business is ideally suited to owner operators, family operators or investors seeking a turnkey opportunity with immediate cash flow and future growth potential.
Private reasons.
Sale Reason
1.5 yrs
Established
One car space
Parking
2 owners working full time
Employees
Open 7 days. Monday to Sunday: 8:00 am to 8:00 pm.
Trading Hours
Current lease expires May 2029 - Bond 3 months - Rent increases by 1.5% per year
Lease
Features
- Proven revenue. Premium location underneath residential complex. High foot traffic location. Long, secure lease. Premium brand new equipment
Potential
Huge potential - add up more products including Chinese and Japanese and do more advertising through local papers. - sell newspapers, flowers, stationery and lotto, dry cleaning agency etc. Promote and deliver to surrounding apartments and residential area. Also add more vegetables and fruits.
Comments
Rent includes outgoings, one drink fridge belongs to drink supplier company. All other equipment - fridges shelves etc. belong to business. A separate storage room. Frozen food margin 50%, Dry food margin 40%. Motivate vendor, Busy time is 2.00 p.m. - 6.00 p.m. A must inspection at these times.
