Supermarket Fruit and Veg Shop -Nets $18,000 P/ Week -Under Management

0
(0)
1 85
$1,300,000
45115934
4 days ago

Highlights

  •  $120,000 per week sales
  •  RENT FREE until April 2023
  •  Netting $18,000 per week profit
  •  10 years lease remaining

Overview

This shopping centre located in the inner west of sydney boasts over 40 specialty stores including bakery, butcher, medical centre, pharmacy, newsagent and post office. However the shopping centre does not have any major supermarket as competition. There is no Coles, Woolworths or Aldi. 

The only supermarket fruit and veg shop in the shopping centre. 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 Friday– 9.00am – 5.30pm Thursday until 9.00pm, Sunday until 4.00pm

Employees

15 x Casuals

Lease

Rent free until April 2023, $8124+GST per week there after. 10 year lease with 9.5 years remaining, No CPI only 3% increase per year, 3 months bond

Weekly Financials – Based on 3 months sales and yearly projections

Weekly Takings  $120,000
Cost of Goods    $90,000
Gross Profit        $30,000
Rent                    $0 (Rent free until April 2023, $8124 p/ week 
there after)
Wages                 $7,500 (does not include the owners wage)
Telephone           $50 (includes internet)
Insurance           $450
Electricity            $500
Transport             $990
Misc 1                 $2000 (bank fees, repairs & maintenance, GST)
Total Expenses  $11,490

Nett Profit           $18,510

Stock                  $150,000

Asking Price       $1,300,000 + Stock

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Business Location City of Sydney, New South Wales, Australia

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