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Refer to Broker
$670,156
Available for acquisition is a convenience store offering groceries and discount gift items, deriving $670,156 in annual revenue and $230,000 in net profit. With low rent, a long-term lease and steady foot traffic, it provides a substantial acquisition opportunity.
*$670,156 annual takings
*$100,000 stock value
*5×5 long-term lease
*Located on a busy shopping strip
*Low rent of $2,280 per month
*Extensive 230 sqm premises
John Zhang and the team at LINK Melbourne are excited to present a well-established grocery store in the northern suburb of Melbourne to the market.
This convenience store is located in a busy shopping strip. The store covers 230 sqm and offers a mix of groceries and discount gift items, making it a go-to spot for locals. With consistent foot traffic, the business derives annual takings of $670,156 and a good net profit of $230,000.
The business is run by one owner-operator. Stock is about $100,000 and rent is competitively priced at $2,280 monthly. Additionally, the lease runs on a 5×5-year term, expiring in April 2030, with a CPI increase.
There is potential for further growth, especially with a fresh approach to operations or marketing. The business is well-established, with low rent and high-profit margins, making it a solid investment. The asking price is $260,000.
Listing ID: ME03038
Broker: John Zhang
Phone: 0419 366 2360
Email: john.zhang@linkbusiness.com.au
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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