Major supermarket selling full range of groceries, dairy, frozen food, fruit and vegetables etc. - Plenty of customer parking with council parking area next door.- This is a long established business with the annual turnover growing every year.- FY 2021 sales are $7,532,158. - Full financial report available to review for astute investors.
Potential
Currently on brick and mortar retail. - Could add home delivery through online platform. -Could extend trading hours to increase sales. - Newly developed apartments near by will bring more customers and demand.
Features
Busy shopping street location. - Long established major supermarket in high profile and in demand locale. - Local icon with regular customers. - Very low rent with long lease. - Strong sales with huge and stable profit.
Premises
Well presented shop with an area of approx. 750 m2 including working - preparation area, storage, loading dock, one large cool room, one large frozen room and 2 offices.
Location
Prime street front location in Eastern Suburbs.
Trading Hours
7 days - Mon. - Fri. - 8 a.m.- 730 p.m. - Sat. - 8 a.m.- 7 p.m. - Sun. - 9 a.m.- 630 p.m.
Lease
New 12 years lease ( 7 years fixed tern + 5 years option ) commenced 21 Feb. 2021. - Rent is indexed to increase by CPI one year then 3% the next year on a continuing cycle during the lease term.
Employees
One owner (administrator) + 16 staff including 1 full time shop manager + 1 part-timer manager + 14 part time staff
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