SUMMARY
Turnover $1.6M per annum (Ex GST) (approx.). Net to 1 owner $260K per annum (approx.). Great lease + 3 years option + a further 3 years option. Established 20 years (approx.).
ABOUT THE OPPORTUNITY
The business is essentially an independent supermarket, which belongs to the "IGA" marketing group. This supermarket has branded products which include 'Black & Gold' which comprises of hundreds of products that cover all the basic essentials and "Community Co'. It carries an extensive range of products, which broadly includes; fresh fruit and vegetables, processed meats & poultry, quick meals, tin foods, sweets, butter & other spreads, milks & other dairy products, soft drinks & juices, coffees & teas, cereals, breads, toiletries, pet food, washing detergents, cleaning products, BBQ chickens, pizzas, sausage rolls, fresh salads, sliced meats, etc.
There is also a café in the supermarket. It consumes approximately 23-25kg of coffee per week.
The supermarket is clearly visible by the "IGA" rounded red logo with white writing signage. However, each IGA store is different with a strong sense of independence. Each IGA store has its own weekly specials catalogue.
The presentation of the business is impeccable. The business is very simple to run, the franchisor taking care of marketing, new product development, corporate image, etc.
LOCATION DETAILS
The premises are single level and free standing. They possess 180 degrees exposure to the footpath and a busy road.
Some of the nearby businesses include aged care homes, a pizzeria, a laundromat, a Chemist shop, a pool shop and a Thai restaurant.
THE BRAND
IGA is one of Australia's largest truly independent supermarket groups. The IGA brand is owned by Metcash who is also IGA's supplier. IGA stands for Independent Grocery Alliance.
The IGA marketing group now boasts approximately 1,400 supermarkets throughout Australia. The USA IGA has over 500 stores in over 30 countries. The brand was brought to Australia by Davids Holdings during 1988.
The IGA business model comprises of distinct departments within the supermarkets, which include a delicatessen department, a meat department, a bakery department, a fresh produce department, a grocery & GM department and a dairy/freezer department.
GREAT INVESTMENT!!! TREMEDOUS OPPORTUNITY TO GET INTO THIS SOUGHT AFTER MARKETING GROUP!!!
Asking $395,000 + SAV.
Phone: (0414) 286 555 or (02) 9032 2765
Website: www.businesses4you.com.au
