Indian Grocery Store near Rouse Hill (Sydney North West)

Description

Business type: specialty grocery retail

Location: Sydney North West, New South Wales, Australia

Established: 2017

Financial performance

Annual turnover: approximately $2,065,000+

Owner-operated net profit: approximately $343,000+

Managed net profit: approximately $248,000+

Weekly sales: approximately $39,700

Gross margin: approximately 35.48%

Products and customers

Indian groceries: established

South Asian groceries: established

International groceries: established

Customer base: diverse

Operations

Staff: trained

Supplier relationships: established

Operating systems: established

Managed ownership model: possible

Owner involvement: limited under management

Premises

Location type: major shopping centre

Foot traffic: seven days per week

Lease expiry: 2030

Acquisition costs

Goodwill: as advertised

Stock at valuation: approximately $80,000

Rental bond: approximately $46,000

Legal costs: at actuals

Growth

• Add e-commerce
• Introduce home delivery
• Add digital loyalty program
• Expand product categories
• Add higher-margin products

Sale process

Confidentiality agreement: required

Information Memorandum: available after confidentiality agreement

Business address: available after confidentiality agreement