IGA Local Grocer near Richmond for Sale
$30,000 weekly | Prime location
THE OPPORTUNITY
This is a rare chance to acquire an established IGA Local Grocer in one of Melbourne's most connected city-fringe suburbs - currently generating $30,000 per week in turnover and openly acknowledged as underperforming due to the vendor's health-related absence. For a hands-on operator, that is not a red flag - it is the opportunity. The infrastructure, the fit-out, the franchise, and the location are all in place. What's been missing is an engaged owner.
The vendor is retiring after more than 10 years - a genuine, motivated exit.
WHY THIS BUSINESS STANDS OUT
- Positioned directly adjacent to a train station and petrol station in the cityfringe suburb of Richmond exceptional, builtin daily foot traffic from commuters, residents and passersby
- Located within a brandnew 7level mixeduse development with 57 apartments directly above a captive, growing residential customer base on the doorstep
- Currently generating $30,000 per week in turnover with the business openly noted as underperforming due to owner health absence, presenting clear and significant upside for a handson operator
- Highspec, modern fitout across approximately 670sqm of quality retail space movein ready with no capital expenditure required
- Fitout and equipment valued at approximately $800,000 with approximately $200,000 in stock combined asset value of $1,000,000 against an asking price available upon enquiry
- Dedicated liquor section included an additional revenue stream within the same footprint
- IGA franchise an instantly recognised and trusted national banner with builtin supplier relationships and customer loyalty
- Sevenday trading, 8:00am9:00pm capturing the full week of commuter, resident and local community spend
- 10+ years of established operation with vendor transition support available
- 7 years remaining on lease secure longterm tenure for an incoming operator
PRICE: Available Upon Enquiry
All enquiries handled in strict confidence. Contact the exclusive agent today.
EXCLUSIVE SELLING AGENT
Azgan Domnori
Mobile: ---- --- ---
Email: [email protected]
Office: ---- --- ---
DISCLAIMER:
Mercury Business Sales and Valuation and/or their agents, for themselves and for the vendor of this business for whom they act give notice that (i) All information given in relation to this business, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment Mercury Business Sales and Valuation has any authority to make or give any representation or warranty.
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