Convenience Store in Operation Over 10 Years

Description

This business system was introduced to Australia in 1956.The system, using a buying group on behalf of all member shops, provides very competitive prices to all customers.Benefits offered by this system include advertising support, retail support, brand benefits, and buying power.The business operates 7 days per week, from 6:30 am to 7:00 pm.This shop is managed by just two business owners with one trainee.The location of the shop is among rapidly expanding residential development areas, which offers strong future business growth potential.Key points:Size of shop: 380 m2Lease: Current to 31 October 2026 with option of 1 x 8 yearsMonthly rent: $8,633.46 including GSTMonthly outgoings: $1,815.33 including GSTSales for the first 3 quarters of the 2022 financial year: $1,205,000Net profit for the first 3 quarters of the 2022 financial year: $113,000Asking price: $150,000 plus SAV (estimated $70,000)