Description
Background and venue
This Fruit and Veg, grocery shop has been operating more than 20 years. To this day it has remained a local and convenient grocery store servicing the Cumberland area and neighbouring suburbs near Liverpool
The shop is huge about 1000m2. Has potential to add in house butcher or deli or bakery options.
Open 7 days a week with complementing businesses including a Pharmacy, shopping precinct. The train station is also near by 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, can foods, oils, rice, dips, pasta, bread, dairy and meat products. Pre made dinner packs
Operating Hours
Monday to Sunday 8.00am 5.30pm
Employees
16 staff in total, 6 x full time, 3 x part time , 7 x Casuals
Lease
Lease 5 years from July 2022 + 5 year option. Currently 8 years remaining, annual increase 3% , 1 month bond
Potential
* Sublease to butcher or Deli to reduce the rent. Cool room space already available
* Extend trading hours to 6 or 7pm
* Owner operator can save on wages
* Introduce more home packs or premade lunch, dinner
* Introduce more supermarket lines
* Introduce pre packed meat section
* Advertise on social media, facebook, Instagram
Weekly Financials
Weekly Takings $118,662
Cost of Goods $83,186
Gross Profit . $35,476
Rent $7136 (EX GST)
Outgoings $500
Wages $18,487 (does not include the owners wage)
Telephone $25
Insurance $130
Electricity $878
Transport $1200
Miscellaneous $1000 (bank fees, repairs & maintenance, GST)
Total Expenses $29,356
Nett Profit $6120
Stock $150,000
Asking Price $650,000 + Stock
Reason for sale:
Genuine reason for sale Owners are looking to move out of the area and have other business interest
Singapore
