Background and venue
Family owned business with over 50 years experience in fruit and veg and retail stores located conveniently in the north shore of Sydney. This grocery shop is passionate about fresh produce, hand picking only the best fruit & vegetables daily.
Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs, frozen products and some supermarket lines
Currently owner operated open 6 days a week with potential to open 7 days to increase revenue by another $10,000.
Potential to join Food works or Friendly grocer subject to landlord approval.
Operating Hours
Monday to Saturday 7.30am 6.00pm Sunday closed.
Employees
4 full timers, 1 part time, 6 casual staff
Lease
Brand new 5+5 year lease available $2500+GST fixed for 5 years, 5% increase or CPI at the option period. 3 months bond required
Potential
• Potential to open Sundays and add an extra $10,000 to the weekly sales
• Low rent representing less than 5% of turnover
• Introduce online home deliveries
• Introduce more home packs or premade lunch, dinner
• Advertise on social media, facebook, Instagram
Weekly Financials Based on Last 12 Months POS Sales
Weekly Takings $63,959
Cost of Goods $43,133
Gross Profit $20,826
Rent $2500 (ex gst, includes outgoings)
Wages $10,000 (not including owners wage)
Telephone $60 (includes internet)
Insurance $543
Electricity $ 420
Transport $1500
Misc 1 $721 (repairs and maintenance, waste removal)
Total Expenses $15,744
Nett Profit $5082
Stock $100,000
Asking Price $450,000 + Stock
Reason for sale:
The owners are looking to retire after 50 years in the business.
The Opportunity:
Net profit $6,000 per week. Very low rent under 4% of sales. Only open 6 days. Potential to open Sundays for more revenue. Rent is less than 4% of total revenue. Potential to keep as an independent grocer or Foodworks or Friendly Grocer supermarket.
Detailed financials and trading history are available under a confidentiality agreement.
Sign the NDA →Detailed financials, trading history, and lease terms are available under a standard confidentiality agreement. Get in touch with the BBNA broker managing this mandate.