Located at the heart of one of Canberra’s most populous suburbs, this busy supermarket exceeded $5.3 million in sales and made the owner more than $342,000 profit for 2013-2014 and sales are in 2015 nearly topped $6 million.
After many years in the business the owner, now in his sixties, is looking to retire. He is actively involved in the business as the General Manager, and has a comprehensive staff of 2 managers, 3-4 duty managers, and 30 casuals to assist him.
This business is the lead tenant at the local shops which also offer hairdressing, takeaway food and medical services to generate foot traffic. Ample parking is available.
This is a truly convenience-driven supermarket, relying principally on walk-ins and customer retention, with the average customer spending $16 and buying fewer than 3 items per transaction.
Over 35% of sales come from beer and cigarettes. More than a thousand customers a day come through the doors.
Plenty of scope exists to expand the business by investing in more marketing, introducing new product lines, and extending the fresh food offering (which accounts at present for less than 5% of turnover).
The outgoing owner’s high confidence in the future prospects of the business is highlighted by the fact that he is prepared to offer seller finance for a component of the purchase price.
A new 10 year lease has been negotiated with the landlord for the new owner on the 400m2 premises. Terms are reduced base rent of $250,000 plus GST p.a. plus outgoings, commencing at settlement of the sales contract.
In brief:
* More than $5.2 million in 2013-14
* Sales approaching $6 million for 2014-15
* Owner’s profit above $340,000 for 2013-14
* Open 7 days, 7am to 9pm
* 400 m2 premises on a 10 year lease from time of purchase. $250,000 plus GST.
N.B. Bank finance is available for safe and stable businesses like this- up to 50% of the purchase price.
Seller finance in place for approved buyers.
Strong, stable profits. If you would like to know more please enquire via the form on this webpage or alternatively enquire via email to sales@capitalcommercial.com.au
Business Broker Frank Walmsley
Mobile : 0400 446 605
The post Super Turnover Supermarket – 25% seller finance offered appeared first on AIBB Sales Latest Business Listings.
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