Supermarket Fruit and Veg Shop -Netting $4000 p/w - Under management

Description

Business type: supermarket and fruit and vegetable shop

Location: Strathfield, New South Wales

Trading history: more than 5 years

Trading days: 7 days per week

Weekly takings: approximately $65,000

Asking price: $350,000 plus stock

Stock value: approximately $120,000

Business overview

Local grocery store servicing Strathfield and surrounding suburbs including Newington and Concord.

Train station: nearby

Complementary businesses nearby: pharmacy, liquor store and Your Friendly Grocer supermarket

Products

• Fruit and vegetables
• Dried fruit
• Nuts
• Canned foods
• Oils
• Rice
• Dips
• Pasta
• Bread
• Dairy products
• Meat products
• Pre-made dinner packs

Trading hours

Monday to Sunday: 6:00am to 9:00pm

Team

Casual employees: 10

Casual employees working full-time hours: 3

Remaining employees: part-time hours

Lease

Lease expiry: 31 May 2027

Option: 5 years

Annual increase: 4% or CPI

Bond: 3 months

Growth

• Reduce wages through owner operation
• Introduce home delivery
• Expand home packs
• Add pre-made lunch and dinner options
• Introduce a pre-packed meat section
• Increase social media advertising
• Use Facebook and Instagram for promotion

Weekly financials

Weekly takings: $65,000

Cost of goods: $42,250

Gross profit: $22,750

Rent: $6,554 excluding GST

Outgoings: $1,682

Wages: $7,000 excluding owner wage

Telephone: $20

Insurance: $155

Electricity: $800

Transport: $1,200

Miscellaneous: $950

Total expenses: $18,341

Net profit: $4,409

Sale

Asking price: $350,000 plus stock

Stock value: approximately $120,000