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Recession Proof Essential Fruit & Veg Supermarket

$550,000 + SAV

Sydney, New South Wales

Recession Proof Essential Fruit & Veg Supermarket

Offers over $550,000 + SAV

This is a great opportunity to buy an independent fresh fruit, vegetable and flower supermarket in Central Coast operating over 40 years and running. It's just 118 km north of Sydney. This business is on the busy main road of Central Coast and is a massive standalone fresh produce supermarket.

Features of business:
• Currently Owner operated
• Fruit and Vegetables
• Fresh flowers
• Currently under Owner operated along with staff

Features:
• Very long lease till 2031(5+5), lease(rental) charges $2600/week including GST and Rates
• Weekdays: 8am - 6pm, weekends: 8am - 5pm

Fruits, vegetables, flowers and Groceries
• Monthly over $150,000 of sale at supermarket. currently averaging 45% to 50%GP
• 3 checkouts
• Over 8,000 Facebook followers
• Main sales is fruit, veg and flowers rest of them are add on
• Ample car parking both dedicated and street parking
• 2 big Cool rooms are in place
• Forklifts and necessary equipment for super market is part of the sale
• Strong loyal customer base
• Low rent per month including outgoing
• Long lease
• Friendly landlord
• Genuine vendor due to health reasons he is selling the business
• Digitally marketed supermarket
• Separate office kitchen and toilets for staff
• Fully Monitored

Revenue and Expenses
• Store sales- $151,000 to 160,000/month with cost of goods = $77,000/month
• Rent per Month = $11,258/month including outgoing
• Other expenses = $109,350/month including cost of goods.
• Monthly net earnings for owner operator before tax= $30,942/month, under management if owners couple operated $467,000/year before tax.

Cost to Purchase
• Business: $550,000 or more+SAV
• 1 months lease bond: $11,258.00
• 1 week rental advance $2600
• Stock: $40,000 + or – 10%
• Legal fees for buying the business and lease
• 3 years POS reports available for serious buyers after deposit

Note: No financials available, trial to check the revenue available after deposit and exchange (fully refundable). Serious buyers only please. This is genuine business for sale, due to health reasons they are selling the business.

Potential
• Add cafe inside the supermarket
• Increase the hours of operation which may increase your sales by 10-15%
• Add solar panel on roof will reduce energy bill by 50% or more
• No juice bar around, good to add juice bar

Please Contact:

Broker: Gilraj VenkatappaPhone: 0401744199
Email: gilraj.venkatappa@linkbusiness.com.au

Listing Number: NSW10178

To complete an online confidentiality agreement, visit this business at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW10178

The Purchaser to make his/her own investigations and inquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.
Ref: NSW10178
Timestamp: 20211219020109

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Last updated: 19th December 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Sydney
State
 New South Wales
Price
$550,000 + SAV
Category
  • Supermarket

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Contact

Gilraj Venkatappa