Fruit and Veg Supermarket Shop Netting $5,000 P/ Week
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Fruit and Veg Supermarket Shop Netting $5,000 P/ Week

Price: Price: $550,000 + Stock

Fruit and Veg Supermarket Shop Netting $5,000 P/ Week

Key Sale Highlights

  • Well established business open for 15 years
  • Currently open 6 days a week with potential to open 7 days to increase revenue
  • Brand new 5+5 year lease available $2500+GST fixed for 5 years
  • Potential to join Food works or Friendly grocer subject to landlord approval.
  • Currently open 6 days a week with potential to open 7 days to increase revenue
  • Full financials available

Proudly listed by Tony Banh

Broker Firm

Business Overview

Background and venue

Family owned business with over 50 years experience in fruit and veg and retail stores located conveniently in the north shore of Sydney. This grocery shop is passionate about fresh produce, hand picking only the best fruit & vegetables daily.

Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs, frozen products and some supermarket lines. Currently owner operated open 6 days a week with potential to open 7 days to increase revenue by another $10,000.

Potential to join Food works or Friendly grocer subject to landlord approval.

Operating Hours

Monday to Saturday– 7.30am – 6.00pm Sunday closed.

Employees

4 x full timers, 1 part time, 6 casual staff

Lease

Brand new 5+5 year lease available $2500+GST fixed for 5 years, 5% increase or CPI at the option period. 3 months bond required

Potential

• Potential to open Sundays and add an extra $10,000 to the weekly sales

• Low rent – representing less than 5% of turnover

• Introduce online home deliveries

• Introduce more home packs or premade lunch, dinner

• Advertise on social media, facebook, Instagram

Weekly Financials – Based on Last 12 Months POS Sales

Weekly Takings $63,959

Cost of Goods $43,133

Gross Profit $20,826

Rent $2500 (ex gst, includes outgoings)

Wages $10,000 (not including owners wage)

Telephone $60 (includes internet)

Insurance $543

Electricity $ 420

Transport $1500

Misc 1 $721 (repairs and maintenance, waste removal)

Total Expenses $15,744

Nett Profit $5082

Stock $100,000

Asking Price $550,000 + Stock

Reason for sale:

The owners are looking to retire after 50 years in the business.

The Opportunity:

Net profit $5,000 per week. Very low rent under 4% of sales . Only open 6 days. Potential to open Sundays for more revenue. Rent is less than 4% of total revenue. Potential to keep as an independent grocer or Foodworks or Friendly Grocer supermarket.

Sign Confidentiality Deed

Broker Firm

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Confidentiality Deed Poll *

BACKGROUND

A. The undersigned is desirous of obtaining the Promising Information from the Prospected Business Owner.

B. The Prospected Business Owner will provide the Confidential Information to the undersigned on the terms of this deed.

C. The Prospected Business Owner has required the undersigned to execute this deed when the Prospected Business Owner will provide Confidential Information to the undersigned, prior to the Prospected Business Owner providing Confidential Information to the undersigned.

TERMS AND CONDITIONS

The undersigned agrees as follows:

  1. That the Prospected Business Owner is the sole owner of such Information, and such rights, therein as are now owned or hereafter develop or are acquired by the Prospected Business Owner in connection with the Proposal Transaction and all Confidential Information derived to the undersigned.
  2. That by receipt of such Information, by the undersigned from the Prospected Business Owner, the undersigned acquires no proprietary interest in the Information (and where the term "Information" is used in these conditions, it means the information not already in possession of the public).
  3. That all such Information received by the undersigned from the Prospected Business Owner or from others who advise the Prospected Business Owner, both written and verbal, furnished to the undersigned by the Prospected Business Owner, is by its nature and is considered Confidential Information, and further will be provided in confidence and is to be held by the undersigned and used by the undersigned only at such time that the undersigned is considering the Proposed Transaction.

In the event that, unless the contract becomes effective, the Information is herein, confidential information, then all such Information and the terms of this Deed are subject to the confidentiality provisions of such contract, and

  • Will use the Information exclusively for the purpose of evaluating the Proposed Transaction, or if pertaining to the other party of the relationship of the Prospected Business Owner with the undersigned, only through the process of evaluating the Proposed Transaction or at present for the world doing contract1.
  • In written form is WRITTEN/SIGNED/SENT electronically if Vendor & SIGNED BY the undersigned clause C/P:

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