Rapidly Growing Produce Store with Coffee Bar and Loyal Customer Base

Description

Business type: independent fruit and vegetable retail

Location: Maitland, New South Wales, Australia

Established: January 2021

Financial performance

Annual turnover: approximately $6 million

Annual sales growth: approximately $1 million

Annual rent: $92,123

Rent ratio: under 2% of turnover

Premises

Building type: standalone

Street frontage: large

Parking: ample

Cool room capacity: substantial

Neighbouring stores: complementary

Lease

Original lease term: seven years

Current term remaining: three years

Lease option: seven years

Rent increases: CPI

Operations

Trading days: seven days per week

Permanent staff: five

Part-time staff: two

Casual staff: ten

Owner involvement: five days per week

Owner duties: operations, quality control and administration

Ordering and restocking: handled by experienced staff

Primary supply source: Sydney Markets

Additional revenue

Coffee bar: established

Coffee bar trading: seven days per week

Growth

• Expand wholesale sales
• Increase use of cool room capacity