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For Sale

Southern Gold Coast - Northern NSW Supermarket for Sale

Kingscliff, New South Wales

Summary


  • For Sale
    Status
  • Kingscliff
    Location
  • New South Wales
    State
  • $950,000
    Price
  • Supermarket

Features


Description


This is a rare opportunity to secure this beautifully presented Supermarket. Operating without the owner onsite since early 2020 due to border restrictions.
Sales for 2020/2021 came in at $3,814,730.56 exclusive of GST.

This really is a blue chip opportunity as the owner lives more than two hours away and has invested in a new business which has resulted in this asset being available to purchase with trained staff in place.
The store is approximately 520 m2 and $1.5 million was spent when last refitted. The refrigeration, floors, walls, and displays are presented immaculately, with excellent deli, multiple cool rooms, freezers, ducted air-conditioning and a huge loading bay.

When looking at supermarkets the rent & lease details are of great importance.
Current term until Dec 2025 + 2 x 5 year options. Rent is currently $9,806.50 including all outgoings and GST. Rent increases p.a. CPI or 3% whichever the lesser.
Rent reviews fixed at CPI. First right of refusal to purchase the freehold for the duration of the lease.
Average EBITDA / Net profit at $325,278.75
Plant & Equipment at fair market value approximately $1,033,290.00.
Asking only $950,000 + Stock at value.

Positioned in one of the fastest growing areas of Australia and a beautiful place to live. This business will sell fast don’t delay very good investment opportunity one of the best we have seen.
Very detailed information memorandum, 4 years of accountant’s figures with video tours of the business premisses. Follow the link to complete the confidentiality agreement - https://forms.gle/DCcyjhZ574asSP9H8