Background and venue
Padstow Green Grocer has been operating more than 5 years. To this day it has remained a local and convenient grocery store servicing the Padstow area and neighbouring suburbs such as Revesby and Riverwood.
The shop is open 6 days a week with complementing businesses including a Pharmacy, Liquor Store and Metro Woolworths supermarket near by. The train station is also near by making it a very convenient place for afternoon shoppers on the way home from work.
Selling Fruit and Vegetables, continental groceries including dried fruit, nuts, can foods, oils, rice, dips, pasta, bread, dairy and meat products. Pre made dinner packs
Operating Hours
Monday to Saturday 8.00am 6.00pm, Sunday closed
Employees
1 x full time working owner, 6 x Casuals
Lease
10 year lease until 28th of June 2028 + 5 year option. Currently 8 years remaining, annual increase 3% fixed, 3 months bond
Potential
Owner operator can save on wages
Open Sundays can add 1k to 2k sales
Potential to add flowers
Potential Sell fruit salads, and juices, protein shakes
Introduce Home delivery's
Introduce more home packs or premade lunch, dinner
Advertise on social media, facebook, Instagram
Weekly Financials
Weekly Takings $17,637 ( includes $1000 wholesale per week)
Cost of Goods $10,582
Gross Profit . $7055
Rent $1033 (EX GST)
Outgoings $145 ( includes council rates, water, waste rem)
Wages $1500 (does not include the owners wage)
Telephone $30
Insurance $90
Electricity $110
Transport $600
Miscellaneous $250 (bank fees, repairs & maintenance, GST)
Total Expenses $3758
Nett Profit $3297
Stock $25,000 - $30,000
Equipment value $200,000 (includes fork lift and shop fitting)
Asking Price $295,000 + Stock
The opportunity
No competition in the area. Low rent. Rent less than 6% of the sales. Good profit for working owner and only open 6 days. Potential to open 7 days, add flowers, fruit salad, home deliveries. Long lease and low annual increase only 3%.
2 big gyms in the area potential to add fruit smoothies, protein shakes, acai bowls. Social media marketing to boost sales.
Reason for sale:
Genuine reason for sale after 5 years one partner has decided to work in a different industry
