- Categories: Food/Hospitality
Popular Indian Grocery Store for Sale | Busy Melbourne Eastern Suburbs Shopping Centre
$16,000 to $18,000+ Weekly Takings | No Royalties | Long Lease
An excellent opportunity to acquire an established Indian grocery store located within a busy shopping centre in Melbourne's South East.
The business has built weekly takings of approximately $16,000 to $18,000+ and offers an extensive range of Indian groceries and everyday household essentials.
The business operates on a semi-owner-operated basis with only two employees and has no franchise royalty obligations.
With a long 5 + 5 + 5 year lease structure, strong stock holding and an established shopping centre position, this opportunity suits an owner operator, family business buyer or existing grocery retailer looking for another location.
BUSINESS OVERVIEW
Business Type: Indian Grocery Store
Location: Melbourne South East
Operation: Semi Owner Operator
Weekly Takings: Approximately $16,000 to $18,000+
Asking Price: $295,000 + SAV
Stock Value: Approximately $250,000
Employees: 2
Royalties: Nil
KEY BUSINESS FEATURES
* Busy shopping centre location
* Weekly takings of approximately $16,000 to $18,000+
* Established Indian grocery customer base
* Long 5 + 5 + 5 year lease structure
* 3% annual rental increase
* No franchise royalties
* Semi-owner-operated business model
* Lean team of two employees
* Approximate stock value of $250,000
* Opportunity for increased owner involvement
* Suitable for family ownership or an experienced retail operator
LEASE DETAILS
Current Lease Term: 5 Years
Options: Further 5 Years + 5 Years
Annual Rental Increase: 3%
Rent: $7,500
The long lease structure provides an incoming buyer with greater security to continue developing the business over the longer term.
OPERATING EXPENSES
Electricity: Approximately $1,800 to $2,000 per month
Water: Approximately $100 per month
Marketing: Approximately $350 per month
Pest Control: Approximately $120 per month
Bins: Approximately $200 to $250 per month
Council Rates: Approximately $4,160 quarterly
Owners Corporation Fees: Approximately $5,500 to $6,000 quarterly
WorkCover Insurance: Approximately $4,000 quarterly
Whitehorse Council Food and Trading Licence: Approximately $600 per year
STAFFING
The business currently operates with two employees and is run on a semi-owner-operated basis.
This provides an incoming owner with flexibility to maintain the existing structure or become more actively involved in daily operations.
TRADING HOURS
Monday to Friday: 10:00 AM to 8:30 PM
Saturday: 9:00 AM to 9:00 PM
Sunday: 9:00 AM to 8:30 PM
WHY CONSIDER THIS BUSINESS?
The combination of a busy shopping centre location, established turnover, no franchise royalties and a long lease makes this an attractive proposition for buyers seeking an established specialty retail business.
The large stock range and existing operation also allow an incoming buyer to take over an established business rather than build a grocery store from the ground up.
ASKING PRICE
$295,000 + SAV
Important Information: All financial information is provided by the vendor. Buyers must complete their own due diligence. Agents accept no liability for accuracy of figures or any outcomes arising from the information supplied. Pictures are for Reference Purpose Only
