With a turnover of $7.5 million and a near-new shop, including a newly built onsite manager's residence, this is a business opportunity that truly stands out. Located in the thriving town of Charters Towers, it's a cash cow with no further investment needed. All the hard work has already been done. The business is rock solid, featuring an upgraded fit-out including 3-phase power to increase capacity for generator backup system to power the business, ensuring that no trading time is ever lost, even in the event of an emergency. Significant improvements have been made to the property, including a studio apartment, a new awning and 83 solar panels, and the latest Foodworks signage, further enhancing its appeal.
Charters Towers is the gateway to the busy western corridor, it has a rich history as a former gold mining capital, and its economy remains stable, supported heavily by education with three notable large private boarding schools, distance education with 200 teachers, one state high school and three state primary schools. Tourism, pastoral and gold mining industries also play a major. The copper string project, expansion of existing mines, and announcements of new operations in the district contribute to creating strong prospects for future growth.
Why you should purchase this great business opportunity:
Well established business
Strong local economy based on tourism, pastoral and gold
Freehold property
New onsite accommodation
Progressively applied a new fit out since 2022
Plant and Equipment includes a Toyota ute, Hyundai refrigerated delivery van and forklift
Proven business model
Ability to be run under management
Diverse market opportunities for expansion and growth
Good cash flow
Provides a great lifestyle
Central main street location
Easy access
Loads of on street and rear parking
Solid customer base
Easily run
Experienced staff
7 Days per week
Foodworks Fresh has two street access for ease of parking and deliveries with the entry point in the main street. Conveniently located directly across the street from Charters Towers' sole Woolworths supermarket, yet its performance stands out as a clear success. This is a testament to the owners' forward-thinking vision, evident in the store's modern renovations and exceptional presentation. While larger chains like Coles have come and gone, Foodworks has thrived where others have struggled. High overheads have proven challenging for the bigger retailers, and even Woolworths has scaled back its operations, no longer trading on Sundays and reducing its hours overall.
While the store currently offers Golden Casket scratch tickets, a significant opportunity for growth remains with the addition of Lotto services. New owners could capitalize on this by acquiring a nearby Lotto agency and transferring the license. This acquisition presents even greater potential, as it includes a 3-bedroom house and a spacious block large enough to accommodate the construction of four to six units, offering both immediate and long-term growth possibilities. For more information on that opportunity click on the following link https://www.businesssalesgroup.com.au/queenton-paper-shop/?region=NQ
Foodworks has built a strong brand with a network of 650 stores across Australia, generating an annual turnover of $2 billion and serving over 3 million customers each week. As an independent Foodworks store owner, you retain 100% of your profits. In addition, Foodworks provides you with the resources, support, and services necessary to help ensure your business thrives.
Tuition is your ally in this transition. The current owner is happy to provide a generous training period to help you become familiar with the business operations. This training will cover all the essential behind-the-scenes processes, ensuring that the business runs smoothly and efficiently for you in the future.
This opportunity offers an ideal setup for enthusiastic buyers looking to enter a turnkey full facet supermarket industry business. There is also potential for effective management by others. If this prospect intrigues you, reach out and contact us today. Furthermore, the availability of motivated finance brokers through the Business Sales Group Network adds value by offering tailored finance packages to interested buyers. We are here to support you in exploring this exciting business venture.
