Rapidly Growing Produce Store with Coffee Bar and Loyal Customer Base

Description

This thriving independent fruit and vegetable store has demonstrated strong growth since its establishment in 2021, with turnover increasing by approximately $1 million annually. The business is located in a standalone building with excellent visibility and ample customer parking, and has quickly developed a loyal customer base in Maitland.Key Features:• Annual turnover approximately $6 million• Established January 2021• Growth of around $1 million per year• Standalone building with large street frontage and strong exposure• Additional revenue stream via in-store coffee bar operating 7 days per week• Lease term of 7 years with 3 years remaining plus a 7-year option• Annual rent of $92,123 with CPI increases (approximately $1,771.60 per week), under 2% of turnover• Staffing structure includes 5 permanent staff, 2 part-time staff, and 10 casual employees• Trading 7 days per week• Adjacent complementary businesses adding further customer draw• Significant expansion potential into wholesale operations with existing cool room capacityThe business currently operates exclusively in retail sales but has strong potential for wholesale expansion supported by substantial cold storage infrastructure. The coffee bar contributes additional revenue and increases daily foot traffic.The operation is supported by a structured staffing model, allowing smooth day-to-day operations. The current owners are actively involved five days per week, overseeing operations, quality control, and administration.The business is currently managed with support from an experienced buyer operating through Sydney Markets, coordinating supply logistics to the store. Existing staff are capable of handling ordering and restocking of grocery and fresh produce lines.