Coastal IGA Local Grocer Perth Metro

Description

Business type: IGA supermarket

Location: Perth southern corridor, Western Australia

Annual sales revenue: approximately $2.5 million

Asking price: $495,000 plus stock at value and bonds

Business overview

Established IGA supermarket operating within a neighbourhood shopping centre.

Store presentation: very well maintained

Local customer base: loyal

Community support: strong

Financial position

Annual sales revenue: approximately $2.5 million

Monthly rent: $12,000 plus GST and outgoings

Stock at value: approximately $150,000

Metcash bond: approximately $150,000

Landlord bond: approximately $45,000

Premises

Shopping centre: neighbourhood centre

Tenant mix: strong

Floor space: ample

Lighting: recently upgraded

Freezer: brand new 12-door unit

Plant and equipment

Plant and equipment value: approximately $400,000

Plant and equipment: included

Store fitout: established

Operating setup: ready to use

Customers

Local clientele: established

Repeat trade: strong

Neighbourhood demand: consistent

Growth

• Add new product lines
• Expand the existing retail range
• Increase use of available floor space
• Develop further owner-operated efficiencies

Buyer profile

Owner-operator: suitable

Existing supermarket operator: suitable

Retail buyer: suitable

Opportunity

Established IGA supermarket.

Strong annual sales.

Substantial plant and equipment included.

Further product range expansion: available.