Sold

$750,000 + STOCK

A fantastic opportunity exists here... the shop was recently refurbished with an approximate $175,000 on a new kitchen, including all brand-new equipment and $100,000 for new shelving with new stock, a new Floor and brand-new fixtures, as well as fittings throughout.

This IGA Supermarket is partly under management with all staff trained to a high standard, which enables the Owners flexibility to enjoy Work Life Balance.

Located on the East Side of Perth, opposite a main arterial road and a train station with ample parking right at the front door. makes this store the one-stop location for the surrounding community and passing traffic. Consistent solid trade and great weekly returns make this Supermarket desirable for the Savvy Investor or an Owner-Operator.

All the hard work done nothing to spend .

Key Points:

- Ideally positioned in a well-presented main strip, facing a local football oval

- This supermarket offers hot and cold buffet for Breakfast, Lunch and dinner with a variety of take away food, very popular to locals

- Main Road position with ample parking at the front door

- Supermarket is currently Partly Managed

- IGA brand is well known to locals

- Recently Partly Refurbished

- Competition already established, Coles 5km away

Business Snapshot:

- Current Gross Average Weekly Sales $99,813 (year ending June 2020)

- Current Average GP (Gross Profit) of 22.7 %.

- Store size 460 m2

- Long Lease in place 1st term 10 years commencing 28th Sept 2016 with options of 10 years.

- Current Rent- $120,000 pa + GST Includes Outgoings (payable Monthly $10,000 + GST

Asking price $750,000 + Stock

* Own due diligence required.

To find out more about this exciting growth and lifestyle opportunity, and further details on the store please contact the exclusive broker.

For further information on this opportunity, please contact:

Bud Baddour

Business Broker

Benchmark Business Sales and Valuations

M: 0413 403 545 T: 1300 366 521 E: gbaddour@benchmarkbusiness.com.au

If you'd like to know more about the business go to our website www.benchmarkbusiness.com.au and use the reference: benchmark_74_920 to search for the business.



Benchmark Business Sales and Valuations

The business images shown are for illustration purposes only and may not be an exact representation of the business.

Business Category: Food and Hospitality, Supermarket, Convenience, Grocery and Liquor Store

Listing ID: benchmark_74_920

Submit Confidentiality
Agreement

     Status
Sold

     ROI
%

     Annual Revenue

     Listing Price
$750,000 + stock

     Location
WA

     Industry
Supermarket

     Earning Type

     Years Trading

     Stock Level

     Reference Number
benchmark_74_920





Gamil Baddour

Business Broker

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