Rapidly Growing Produce Store with Coffee Bar and Loyal Customer Base

Description

Independent fruit and vegetable store for sale in Maitland. Established January 2021 with turnover around $6 million and annual growth of $1 million.Standalone building with large street frontage and ample parking. Coffee bar operating seven days adds extra revenue. Lease has seven-year term with three years remaining and seven-year option. Rent $92,123 annually with CPI increases, under 2% of turnover.Staff includes five permanent, two part-time, and ten casual employees. Trading seven days per week. Neighbouring stores complement the business. Substantial cool room capacity allows expansion into wholesale.Owners currently work five days per week managing operations, quality control, and administration. Experienced staff handle ordering and restocking from Sydney Markets.