Price
Refer to Broker
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Sunshine Coast, Sunshine Coast Hinterland Region
Category
Retail
Listing #
11731
Excellent position. Opposite popular main swimming beach on the Sunshine Coast. IGA is one of the leading independent retail grocery brands in Australia.
Situated right in the middle of the Prime Tourist Precinct with an abundance of High Rise and Multi Unit Complexes will guarantee steady daily turnover and a huge input over any holiday period. Not to mention all the permanent residents in this area that are repeat customers all year round.
The shop comes complete with all modern fixtures and fittings applicable to the high standard of fitout associated with the IGA group.
With the current Lease up to 2018 with a further option of an additional 5 years.
Currently turning over in the vicinity of $12,500 per week based on the last 3 years figures and with gross profit margins of around 31% this makes good business sense and a guaranteed future investment.
The business is currently operating 7 days a week, with the owner working in the vicinity of 50 hours with the assistance of experienced casual staff at other times.
There is a huge opening here to extend opening hours to later or even 24 hours to service the late night and early morning customers that would frequent this area for various reasons. This business can be re-labelled to other brands such as 7/11 or Foodworks if required.
Full Financial Figures are available to qualified prospective purchasers.
All owners, managers and family based purchasers should seriously look at this business because it is one that can only improve and flourish in the future market.
– Long established, profitable business
– Australia’s leading independent grocery brand
– Providing essential services to a supportive community
– High Profile location, across the road from Alexandra Headlands Main Beach
– Supportive franchise with group driven marketing initiatives
– Ideal lifestyle business opportunity
– Long lease in place ( 5 x 5 ); 100 sqm
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
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For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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