High Exposure Supermarket With Strong Local Trade Sutherland Shire Sydney

Description

Business type: supermarket and grocery retail

Current ownership: since 2019

Premises size: approximately 180m²

Weekly sales: approximately $16,500

Owner-operator profit: approximately $2,500 per week

Stock required: approximately $50,000

Business overview

Established supermarket located on a prominent corner site within a busy neighbourhood shopping village, surrounded by high-density residential properties.

Customer base: loyal local residents, with strong passing traffic.

Products: perishable and non-perishable groceries.

Premises and equipment

• Approximately 180m² with high ceilings
• 14 shared off-street parking spaces
• Undercover frontage for additional displays
• Display fridges, freezers and walk-in cool room
• Extensive shelving and air-conditioning

Financial performance

Weekly sales: approximately $16,500

Weekly cost of goods: approximately $11,000

Reported weekly owner-operator profit: approximately $2,500

Weekly expenses

• Rent: $2,200 + GST
• Electricity: approximately $315
• Insurance: approximately $55
• Accounting: approximately $150
• Casual staff wages: approximately $300

Trading hours

Monday to Friday: 6:00am to 7:00pm

Saturday and Sunday: 6:00am to 6:00pm

Lease

Current lease: until 2027, with potential to negotiate a new agreement.

Annual rent increases: 3.5%.

Outgoings: none payable.

Growth opportunities

• Extend trading hours
• Expand the grocery product range
• Increase merchandise displays in the undercover frontage

Reason for sale

Current owner retiring.