Price
$390,000
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Melbourne Region, Melbourne
Category
Retail, Newsagency
Listing #
ME02578
Currently on offer is a general store that has been operating for 60 years. It has enjoyed great continuity of operations over the decades due to having a wide variety of essential goods.
*$24,200 average weekly takings
*$2,230 average weekly net profit
*$120000 plant and equipment
Tony Latessa and the team at LINK Melbourne are proud to present to the market this well-established convenience store. It has a strong and loyal customer base that has enabled it to continue operating for 60 years.
The business benefits from having a fantastic in-store variety, from Tattslotto to Australia Post. It also has a very diverse range of drinks and snacks but still has plenty of floor space for a new owner to utilise as desired.
Strategically located, business is strategically located in a block of busy shops with ample parking of up to 60 vehicles. It is located near several schools, exposing it to high rates of passing traffic daily.
The location and premises of the business has been secured with a new lease of five years, which will commence on 1 July 2023. As such, purchasers have the opportunity of operating within the premises and location that customers have already associated with it.
To learn more about this exciting opportunity, contact me today! I would be glad to provide more pertinent details to qualified purchasers motivated to take the business to the next level.
Listing ID: ME02578
Broker: Tony Latessa
Phone: 0412 525 151
Email: [email protected]
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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*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.
Ready to unlock the true value of your business? Contact a LINK Corporate Broker today to schedule a confidential consultation.
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