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Iconic Fruit And Vegetable Market Business In Fitzroy For Sale

Fitzroy North, Victoria, Australia
Asking Price:
On request
Sales Revenue:
$1M - $5M (AUD)
Cash Flow:
Available on request

**UNDER OFFER**

Profitable and iconic fruit and vegetable market that has been trading in this location for 85+ years.

Provides the locals with all their fruit and vegetables, as well as some of their essential groceries.

With a corner location on a busy main road providing high exposure and plenty of parking for customers, as well as a tram stop just metres away, this location is second to none.

Very stable business with the same owner for 20+ years and an average turnover of approx. $55,800 per week.

Rent is $4,554 per month, including GST with a secure lease of 5x5 which commenced in October 2019.

Trades 7 Days: Monday to Friday 5:30am to 6:30pm; Saturday 5am to 5pm; Sunday, 6am to 1pm.

Owners work in the business with 7 casual staff. Makes an excellent family business.

A great investment opportunity with unlimited avenues to grow the business further. New owners could introduce social media advertising, a delivery service or click and collect service - there is great potential to grow this business further.

Current owner is looking to retire, so this is a rare opportunity to own this long-established fresh fruit and vegetable store located in the heart of Fitzroy. The store has well-established systems, high takings, and great profit, it is very popular among locals and is easy to run.

Property Information

Real Estate:

Lease

Lease Terms:

5x5 which commenced in October 2019

Location:

With a corner location on a busy main road providing high exposure and with plenty of parking for customers as well as a tram stop just metres away this location is second to none.

Business Operation

Expansion Potential:

A great investment opportunity with unlimited avenues to grow the business further. New owners could introduce social media advertising, a delivery service or click and collect service - there is great potential to grow this business further.

Reasons for selling:

Retirement

Trading hours:

Trades 7 Days: Monday to Friday 5:30am to 6:30pm; Saturday 5am to 5pm; Sunday 6am to 1pm.

Employees:
1 Owner FT, 1 Owner PT, 7 Casual Staff
Years established:
85+ years