Supermarket Fruit and Veg Shop -Netting $6000 p/w - Under management

Background and venue

This Supermarket/ Fruit and Veg shop has been operating more than 5 years. To this day it has remained a local and convenient grocery store servicing the Strathfield area and neighbouring suburbs such as Newington and Concord.

The shop is open 7 days a week with complementing businesses including a Pharmacy, Liquor Store and Your friendly Grocer supermarket near by. The train station is also near by making it a very convenient place for afternoon shoppers on the way home from work.

Selling Fruit and Vegetables, continental groceries including dried fruit, nuts, can foods, oils, rice, dips, pasta, bread, dairy and meat products. Pre made dinner packs

Operating Hours
Monday to Sunday 6.00am 9.00pm

Employees

10 x Casuals (3 working full time hours, the rest part time hours)

Lease

Lease until 31st of May 2027 + 5 year option. Currently 9 years remaining, annual increase 4% or CPI , 3 months bond

Potential

* Owner operator can save on wages

* Introduce Home delivery's

* Introduce more home packs or premade lunch, dinner

* Introduce pre packed meat section

* Advertise on social media, facebook, Instagram

Weekly Financials

Weekly Takings $81,671
Cost of Goods $57,169
Gross Profit . $24,501
Rent $6554 (EX GST)
Outgoings $1682
Wages $7,000 (does not include the owners wage)
Telephone $20
Insurance $155
Electricity $800
Transport $1200
Miscellaneous $1000 (bank fees, repairs & maintenance, GST)

Total Expenses $18,411

Nett Profit $6090

Stock $120,000

Asking Price $550,000 + Stock