Supermarkets mainly sell Chinese / Asian groceries, snacks, soft drinks, frozen food, and daily fresh vegetables. Good margins around 33% of sales. The profit shown is based on 2 owners working full-time in the business, currently, 2 owners only work part-time in the shop and are involved in other jobs. The business was established in 2021 and cost more than $300k.
Potential
Develop wholesale business to local restaurants and cafes. Add home delivery. Promote the market to boost sales. A hands new motivated owner will improve the business increase sales and make more profit. Could convert to different types of supermarkets such as Indian or Korean.
Features
Perfect location. Newly set up shop. Spacious shop with high-quality fit-out. Long lease. Great growth potential for a motivated owner-operator.
Premises
Near new and well presented supermarket with an area of approx. 200 sq. mts. which includes an office plus large store room downstairs with an area of approx. 70 sq. mts.
Location
Situated in centre of shopping street in popular North West suburb.
Trading Hours
7 days - 9 am to 9 pm.
Lease
The 6-year lease plus the 5-year option commenced in March 2021. - 3% annual increases. - 3 months bond.
Employees
2 owners
