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High Profit Margin - Bottle Shop, Ringwood North For Sale

Ringwood North, Victoria, Australia
Asking Price:
$155,000 (AUD)
Sales Revenue:
$9,000 (AUD)
Cash Flow:
Available on request

— Current owner has operated the bottle shop for 7 years. Established more than 20 years ago.
— No nearby competing bottle shop, allowing a very high gross profit margin at about 32% overall.
— Opens only 54 hours per week! Owner is retiring. Great potential to increase taking, by expanding business hours or product lines.
— Solid customer base. Affluent and very friendly neighborhood.
— Sells many wines, but not many beer boxes, allowing a very high profit margin.
— One Person Operation. Low maintenance.
— Independent liquor store with complete freedom of pricing and product range.
— Taking approx. $9000 per week ($8000 in winter). Taking was higher before Covid19.
— Low rent at approx. $530 per week.
— 10 year long lease with a good landlord.
— Large store size approx. 128 square meters.
— Low outgoings (Electricity $850 per quarter, Water $290 per quarter, Council $1750 per year, Insurance $2400 per year, Liquor License $1830 per year)
— Offering two weeks trial
— Training will be provided
— On settlement a list of the suppliers will be provided.
— Stock approx. $70000, and can be reduced. Stocktaking valuation will be conducted by a third party professional company.

Wonderful opportunity for first-time business buyers or experienced operators to bring the business to the next level.

Please contact us using the form below, to get a fast response.

Inspect today!


Disclaimer:
The photos used are for illustration purpose. It is in no way representative of the actual business or its products. The descriptions relating to the above business has been prepared based on estimation and therefore Vendor does not guarantee the accuracy of such descriptions. Please note that Vendor will not be held responsible for any error or incorrect descriptions whatsoever that appear on the advertisement. Vendor strongly recommends all prospective buyers to this business to seek its own independent accounting, legal and financial advice and conducts its own due diligence of the business.

Property Information

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