For Sale
     Status
For Sale

     ROI
n/a

     Annual Revenue
Weekly Sales: $17,500

     Listing Price
$350,000

     Location
QLD

     Industry
Supermarket

     Earning Type
Fully Managed

     Years Trading
n/a

     Stock Level
n/a

     Reference Number
bus5089

Reference : bus5089

Personal Touch to Supermarket Ownership in Brisbane Suburbs

QLD

$350,000


Step into an opportunity located in the heart of a charming, community-rich suburb of Brisbane. This isn't just a business; it's a personal venture, a place for someone with passion and a clear vision. This Convenience/Health Food Supermarket sits in a community-driven town, awaiting the right person to take it forward.

Vendor Finance is available for the right retailer.

Financial Insight:

  • Weekly Sales: $17,500
  • Monthly Rent: $6,566.25 + GST
  • Annual Rent: $102,000 plus GST PA (GROSS)
  • Wages: Average $2,100 per week
  • Goodwill Value: $350,000
  • Price: $350,000 (Excluding stock)

Key Considerations:

  • Size: 240m²
  • Management: Fully Managed
  • Lease: 5 years, with an option for 3 more sets of 5 years
  • Staffing: More details are available upon request.
  • Brand Transition: While the store won't continue under its current branding, there's potential to reshape its identity fittingly for the suburb, be it as Local IGA, Friendly Grocer, or reverting to established names like FoodWorks with approval from either Brand .

Lease Details:

  • Term: 6-year term starting Oct 2022
  • Start Date: 29/09/2022
  • Rental Reduction: $52,000 plus GST for the first year already completed and currently $23,050 + GST reduction for the second, distributed monthly after that.
  • Rent Review: Yearly, at the lesser of 3% or CPI, but not exceeding 106% of the previous year's rate.
  • Lease Options: 3 sets of 5 years

About the suburb in Brisbane:

A Brisbane suburb that exudes warmth and charm. Its historic streets are filled with cafes, boutique shops, and community spaces, making it vibrant and inviting. The mix of families, professionals, and long-time locals gives the suburb its unique character. Such a community environment is a perfect backdrop for a Convenience/Health Food Supermarket, assuring a loyal customer base.

Get in Touch:

If this speaks to you, let's talk. Reach out to discuss the supermarket's potential and envision its future in the heart of Brisbane. Don't miss out on this special opportunity to embark on a business journey.

Contact the exclusive broker:

Mathew Hartley
Supermarket Specialist
Benchmark Business Sales & Valuations

M: 0400 412 593
T: 1300 366 521

If you’d like to know more about this business, go to our website www.benchmarkbusiness.com.au and use the reference: bus5089 to search for the business.

Please ensure you have the necessary capital before expressing an interest in this business.
The image shown is for illustration purposes only and may not be an exact representation of the business.

Benchmark Business Sales and Valuations






Mathew Hartley

Business Broker

1300 366 521

0400 412 593

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