Lantern Mart Asian Supermarket - Townsville

Description

Established in 2022, Lantern Mart is a modern and fully operational Asian supermarket located within one of Townsville’s busiest shopping centres. Positioned adjacent to Woolworths, the store benefits from strong foot traffic and high visibility, supporting consistent daily customer flow from both convenience shoppers and repeat clientele.The supermarket stocks a wide range of authentic Asian groceries, including fresh produce, specialty pantry goods, frozen products, snacks, and beverages. Sourced from multiple Asian regions, the store has established itself as a preferred destination for both local customers and international communities seeking diverse food options.A liquor licence is included, enabling the sale of alcohol and adding a high-demand revenue category to the business.The sale also includes a sublease agreement for the adjoining Wrap&Roll Vietnamese restaurant, providing an additional income stream. All shop fit-outs and equipment, valued at over $500,000, are owned outright by the vendor and included in the sale.Lantern Mart operates under full management, with the owner residing outside Townsville and contributing approximately 10 hours per week to administration and payroll. This structure makes the business suitable for both passive investors and owner-operators. The staffing structure includes a full-time manager, two part-time employees, and one casual staff member.Key Highlights• Prime location adjacent to Woolworths in a major Townsville shopping centre• Established in 2022 with strong and consistent customer traffic• Profitable and fully operational retail business• Liquor licence included with the sale• Fully managed operation with minimal owner involvement• Additional income stream via sublease to Wrap&Roll Vietnamese restaurant• Extensive fit-out and equipment included (valued at over $500,000)• Strong and growing demand for Asian groceries in the region• Suitable for passive investors or hands-on operators seeking growth potential• Full training provided to incoming ownerAsking Price: $250,000 + stock at valuation (estimated $90,000-$100,000)