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

Description

Background and venueThis supermarket and fruit and veg shop has been operating for more than 5 years. To this day it has remained a local and convenient grocery store servicing the Strathfield area and neighbouring suburbs such as Newington and Concord.The shop is open 7 days a week, with complementing businesses including a pharmacy, liquor store, and Your Friendly Grocer supermarket nearby. The train station is also nearby, making it a very convenient place for afternoon shoppers on the way home from work.Selling fruit and vegetables, continental groceries including dried fruit, nuts, canned foods, oils, rice, dips, pasta, bread, dairy and meat products, pre-made dinner packs.Operating hours:Monday to Sunday, 6.00am to 9.00pmEmployees:10 casuals (3 working full-time hours, the rest part-time hours)Lease:Lease until 31 May 2027 plus 5 year option. Currently 9 years remaining, annual increase 4% or CPI, 3 months bond.Potential:* Owner-operator can save on wages* Introduce home deliveries* Introduce more home packs or pre-made lunch and dinner options* Introduce pre-packed meat section* Advertise on social media, Facebook and InstagramWeekly financials:Weekly takings: $65,000Cost of goods: $42,250Gross profit: $22,750Rent: $6,554 (ex GST)Outgoings: $1,682Wages: $7,000 (does not include owner’s wage)Telephone: $20Insurance: $155Electricity: $800Transport: $1,200Miscellaneous: $950 (bank fees, repairs and maintenance, GST)Total expenses: $18,341Net profit: $4,409Stock: $120,000Asking price: $350,000 plus stock