Currently on offer is an Indian grocery store occupying 300 sqm premises on a very busy main road. It is surrounded by many complimentary establishments, such as hospitality and other retail outlets.
*4+4-year lease agreement
*300 sqm premises
*Own Customer Parking
*With Commercial Kitchen
Sanjay Agrawal and the team at LINK Melbourne are thrilled to bring to the market this exciting opportunity to acquire a specialty grocery store.The store is a one-stop-shop for all Indian grocery needs. It offers a wide range of high-quality products, including spices, lentils, rice, snacks, frozen foods, and much more. Being established for over 15 years, the business has a loyal customer base, with many customers returning time and time again for quality products and ease of shopping.Due to its established reputation and loyal customer base, the business has huge potential to provide a solid return for a focussed and creative operator. To diversify its revenue stream, the business offers money transfer services through MoneyGram and PFG Forex.
The store is located in a prime location, with high foot traffic, tramline and easy accessibility. Its premises is surrounded by a multitude of hospitality and retail outlets along the strip. There are five spaces for parking in front of the shop and ample off-street parking in the surrounding area.
The premises of the business has a very inviting and convenient location for passing traffic. It is especially popular among the abundance of Indian students living in the area.
Purchasers have a tremendous opportunity to further grow the business. There is huge demand for takeaway food in the area, which the business can capitalise on. It has a full commercial kitchen with gas burners, tandoor oven, grease trap and hot food display counter among others. Other opportunities include introducing fruits and vegetables due to a lack of such products in the area.
To learn more about this incredible opportunity, contact me today! I would be glad to provide more details to qualified purchasers.
Listing ID: 16915
Broker: Sanjay Agrawal
Phone: +61 402 023 502
*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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