Established in 1978 and acquired by the current owner in 2009, the supermarket has long served the community with household items, pantry supplies, miscellaneous commodities and liquor, earning a devoted customer base with virtually no competition. The business is strategically located in a commercial strip with ample foot traffic, surrounded by a dense residential zone.
*EBPITDA /Seller Discretionary Earnings $255,000 p.a.
*P&E valued at $200,000
*740 sqm premises
*46 years of operation
*Current owners retiring after 15 years
*No direct competition
*Low overheads
Sanjay Agrawal and the team at LINK Melbourne are thrilled to present a long-established supermarket in Melbourne to the market.
Since its inception in 1978 and subsequent acquisition by the current owner in 2009, the business has established itself as the community's preferred provider of household goods, food items and assorted merchandise. With its strategic commercial strip location and devoted customer base, the business has sustained an excellent financial position, maintaining a 35% profit margin and deriving Profits (EBPITDA) of circa $5,000 per week.
The business's vast 370 sqm shop premises are supplemented by an additional 370 sqm hall space for office/resting/living/storage on the second floor with working Kitchen and two toilets.
Assets valued at $200,000 are included in the sale consisting of a coolroom, display shelves, fridges, checkout counters and multiple POS systems. Existing plant and equipment ensure the immediate continuity of business without the need for significant capital investment post-settlement.
A husband-and-wife team manages day-to-day operations, resulting in low overheads. Overall, the business's internal structure, outstanding reputation and existing resources present an enticing opportunity for prospective purchasers to acquire a lucrative business in an unchallenged market.
To gain more information on this business acquisition prospect, give Sanjay a call today!
Listing ID: ME02954
Broker: Sanjay Agrawal
Phone: 0402 023 502
Email: sanjay.agrawal@linkbusiness.com.au
Ref: ME02954
Timestamp: 20240620023004
