Established neighbourhood fresh produce and convenience grocery store serving customers that that are interested in quality not price. This business achieves strong gross margins of between 40 - 45% and core sales are driven by fresh fruit & vegetables, bread, milk, flowers & everyday grocery items supported by a loyal local customer base with frequent repeat trade. The store is well presented and fully fitted with quality refrigeration, shelving and preparation areas, and operates as a simple staff-run business. It is ideally suited to an owner-operator seeking reliable income from day one,
Potential
Further upside is available through continued grocery expansion and extended trading hours if desired. An owner operator can earn in excess of $3,500 per week. - Option to add lottery, newspapers and also online flower delivery. Could be suitable as a Friendly Grocer conversion.
Features
Well established business. - Strong gross margins. - Complementary neighbouring businesses driving repeat local traffic. - Secure lease until 2029 with option to renew for 5 further years. - Easy-to-run operation with established systems.
Premises
This business has an area of 100 sq mts. Lovely bright shop and open to the street with a large deli & prep area. High end finishes.
Location
Well located amongst the main strip of busy shops in this very affluent suburb in the South of Sydney.
Trading Hours
7 days - Monday to Friday 7 am to 6 pm. Saturday 7 am to 2 pm & Sunday 8 am to 1 pm
Lease
Current lease expires in 2029 with a further 5 year option. - 3 months Bond. - CPI annual Increases
Employees
1 owner + 5 casuals (2 on any day)
Comments
The figures being shown are as if being run by an owner operator. An additional benefit is the option for the purchaser to access an established wholesale fruit and vegetable supply arrangement through the current owner's larger operation, removing the need to attend the Sydney Markets if desired.
