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Penrith area. Turnover $17M pa (Ex GST) (approx.). Net to 1 owner $300K per annum (approximately). Established approximately 20 years. Great lease plus a 15 years option. High profile position in a single level open air shopping complex.
About the opportunity
This business is essentially an independent supermarket, which belongs to the “IGA” marketing group. An extensive range of products are carried, which broadly include; fresh fruit and vegetables, processed meats & poultry, quick meals, tin foods, sweets, butter & other spreads, milks & other dairy products, soft drinks & juices, coffees & teas, cereals, breads, toiletries, pet food, washing detergents, cleaning products, etc. The supermarket is clearly visible by the “IGA” rounded red logo with white writing signage. However, each IGA store is different with a strong sense of independence. The business is simple to run with the marketing group taking care of some of the marketing, new product development etc.
The premises are single level and possess 180 degrees exposure to the car park belonging to the complex. Some of the nearby businesses include: Cellarbrations Liquor, a medical centre, a chemist shop, a bakery and a pizzeria.
IGA is one of Australia’s largest truly independent supermarket groups. The IGA brand is owned by Metcash who is also IGA’s supplier. IGA stands for Independent Grocery Alliance.
The IGA marketing group now boasts approximately 1,400 supermarkets throughout Australia. The USA IGA has over 500 stores in over 30 countries. The brand was brought to Australia by Davids Holdings during 1988.
Great opportunity to get into the supermarket buisiness!! Well sought after marketing group!!
Asking $599,000 + SAV.
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