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Local Iconic Discount Variety Store For Sale

Sydney City Fringe, New South Wales, Australia
Asking Price:
$350,000 (AUD)
Sales Revenue:
$1M - $5M (AUD)
Cash Flow:
Available on request

Iconic business in a landmark shopping centre producing a remarkable $240,000 net profit entirely under management.

· A 279 sqm sizable all-purpose discount variety store that satisfies all daily household goods and major festivities requirements e.g. Christmas, Mardi Gras, Halloween, New Year and etc.
· The business faces no competition within its locality and catchment
· Frequented by the residents from the nearby densely populated suburbs, socialites and visitors for night entertainment, and international tourists from all over the world
· Minimal experience required to run the business as the operation is simple and straightforward
· The current owner takes a hands-off approach over the business that is entirely managed by a full-time store manager

Financials:


Sales: ˜ $20,000/wk
Profit: ˜ $4,600/wk
Rent: ˜ $4,600/wk
Wages: ˜ $2,400/wk (under management)
Utilities: ˜ $100/wk

Property Information

Real Estate:

Lease

Lease Terms:

Expiry in June 2021

Location:

Situated in a landmark neighbourhood shopping centre that occupies a prominent island site at the intersection of three bustling main roads, by walking distance to train station and bus stops

Premises Details:

Approx. 279 sqm; all stocks are on the shelf

Business Operation

Trading hours:

Monday-Sunday 9:00 AM-9:00 PM

Employees:
2 full-timers needed a day including the store manager or the assistant manager

Contact Information

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