Convenience Store in Operation Over 10 Years

Description

Business type: supermarket

Operating model: independent store supported by buying group

Shop size: approximately 380 sqm

Trading days: seven days per week

Asking price: $150,000 plus stock at value

Estimated stock value: approximately $70,000

Business overview

Established supermarket operating within a long-standing retail buying system.

Buying power: strong

Brand support: available

Growth potential: strong

Support system

• Buying group purchasing
• Advertising support
• Retail support
• Brand benefits
• Competitive supplier pricing

Trading hours

Trading days: seven days per week

Opening time: 6:30am

Closing time: 7:00pm

Team

Working owners: two

Trainee staff: one

Operating structure: lean

Location

Surrounding residential development: rapidly expanding

Future customer growth potential: strong

Local demand outlook: positive

Premises

Shop area: approximately 380 sqm

Retail space: substantial

Lease

Current lease expiry: 31 October 2026

Further option: 1 x 8 years

Monthly rent: $8,633.46 including GST

Monthly outgoings: $1,815.33 including GST

Financial performance

Sales for first three quarters of FY2022: approximately $1,205,000

Net profit for first three quarters of FY2022: approximately $113,000

Trading performance: established

Buyer profile

Owner-operator: suitable

Family business: suitable

Existing grocery operator: suitable

Opportunity

Established supermarket operation.

Buying group support in place.

Lean staffing structure.

Further growth from surrounding residential development: available.