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Southern Gold Coast - Northern NSW Supermarket for Sale

$1,100,000

Kingscliff, New South Wales

Southern Gold Coast - Northern NSW Supermarket for Sale

This is a rare opportunity to secure this beautifully presented Supermarket. Operating without the owner onsite for more than two hours per week. Sales for 2020/2021 came in at $3,807,920.06 exclusive of GST. This really is a blue chip opportunity as the owner lives more than two hours away and has invested in a new business which has resulted in this asset being available to purchase. The store is approximately 520 m2 and $1.5 million was spent when last refitted. The refrigeration, floors, walls, and displays present immaculately. When looking at supermarkets the rent & lease details are of great importance. Current term until Dec 2025 + 2 x 5 year options. Rent currently $9,806.50 including all outgoings and GST. Rent increases p.a. CPI or 3% whichever the lesser. Rent reviews fixed at CPI. First right of refusal to purchase the freehold for the duration of the lease.

Average EBITDA / Net profit for the last 3 years at $335,993.88
Plant & Equipment at fair market value approximately $1,033,290.00.
Positioned in one of the fastest growing areas of Australia and a beautiful place to live.
This business will sell fast don't delay very good investment opportunity one of the best I have seen.

Asking $1,100,000 plus stock at value approximately $180,000

A full detailed Information memorandum of this essential service business available to qualified purchasers to include 3 years of Tax figures at virtual video tours of the business, follow the link to complete the confidentiality agreement - https://forms.gle/y2yEQG4NCR62LDc58

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Last updated: 26th July 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Kingscliff
State
 New South Wales
Price
$1,100,000
Category
  • Supermarket

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Business Brokers Network

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Contact

Dru Morgan