Available for acquisition is a convenience store offering groceries and discount gift items, deriving $520,000 in annual revenue and $200,000 in net profit. With low rent, a long-term lease and steady foot traffic, it provides a substantial acquisition opportunity.
*$520,000 annual takings
*$100,000 stock value
*5x5 long-term lease
*Located on a busy shopping strip
*Low rent of $2,280 per month
*Extensive 230 sqm premises
John Zhang and the team at LINK Melbourne are excited to present a well-established grocery store in the northern suburb of Melbourne to the market.
This convenience store is located in a busy shopping strip. The store covers 230 sqm and offers a mix of groceries and discount gift items, making it a go-to spot for locals. With consistent foot traffic, the business derives annual takings of $520,000 and a good net profit of $200,000.
The business is run by one owner-operator. Stock is about $100,000 and rent is competitively priced at $2,280 monthly. Additionally, the lease runs on a 5x5-year term, expiring in April 2030, with a CPI increase.
There is potential for further growth, especially with a fresh approach to operations or marketing. The business is well-established, with low rent and high-profit margins, making it a solid investment. The asking price is $260,000.
Listing ID: ME03038
Broker: John Zhang
Phone: 0419 366 2360
Email: john.zhang@linkbusiness.com.au
Ref: ME03038
Timestamp: 20240925060004
