It performs consistently well under part management. The current owner works just 20 hours each week. An investor will earn a healthy return. A full-time working owner will find it even more financially rewarding.
Consider the features
Snapshot of the business:
Average weekly sales $89,000
Earnings Type: EBITDA
Store size 450m²
Lease to 31/12/27 plus 3 x 5 year options
Monthly rent of $14,119 + outgoings
Stock of $200,000
Features of the business:
Branded IGA Local Grocer
Prominent location in busy local shopping centre
Recent significant capital expenditure
Exclusivity deal for tobacco products
Golden Casket outlet
Healthy GP%
The landlord has made a significant investment in solar energy. As a tenant, the supermarket enjoys a very substantial discount on electricity charges. This will continue for the term of the lease. The landlord also commits to exclude any other tenant in the centre from selling tobacco products. With no other retailers beyond the centre in the immediate catchment, this is a highly beneficial provision in the lease.
Find out more. We've made it easy. Click on the Confidentiality Deed or Enquire icon. Complete your contact details, sign and click 'submit'. The broker will be in touch. He'll be pleased to assist by providing further information about this one-of-a-kind IGA supermarket.
FOR SALE: $1,595,000.00 + SAV
Contact the exclusive broker:
Mathew Hartley
Benchmark Business Sales & Valuations
M: 0400 412 593
T: 1300 366 521
If you'd like to know more about this business, go to our website www.benchmarkbusiness.com.au and use the reference: bus5783 to search for the business.
Please ensure you have the necessary capital before expressing an interest in this business.
The image shown is for illustration purposes only and may not be an exact representation of the business.
Benchmark Business Sales and Valuations
