back to search

IGA Supermarket Northern NSW

$150,000

Northern NSW Region, New South Wales

IGA Supermarket Northern NSW

If you're looking for a great opportunity to step into a newly established business and take control of your own destiny then look no further than this amazing IGA store on the Northern Border of NSW just 15 minutes drive from the Gold Coast.

The business was only officially opened in Jan 2018 and is currently a corporate store and part of a large group of corporate stores all of which run under management. With a change in the corporate structure of the holding company this boutique store has now become available for private sale.

The store is only a small IGA, easy to manage with minimal overheads and only a few staff with current sales of $27,000 per week and growing each week.

With the business still in its infancy there are still many new items such as lotto (Committed and paid for, coming into this store in October 2018) which will have a large impact on the sales revenue. The business is also part of a newly created shopping centre which is currently near completion and due to have 100% occupancy by October 2018.

With a new 10 year lease in place with a further 5 year option the security of tenure is also excellent.

To ensure a quick sale this business has been priced less than opening costs ($220,000 fit-out + stock) for a total sales price of just $150,000 + stock (approx $80,000)

Make no mistake, this is a fantastic opportunity to get into a great IGA business with terrific upside for a fraction of the entry cost. Call Dru Morgan today for more information.

Business Links / Tools

Last updated: 10th January 2019

Summary

Property Type
Business
Contract Type
For Sale
Location
 Northern NSW
State
 New South Wales
Price
$150,000
Category
  • Convenience Store
  • Supermarket

Click to share

Agency

Business Brokers Network

Business Brokers Network

Contact

Dru Morgan