Supermarket - Convenience Store - Supermarket - Specialty - Hills District Syd. Net $4000 pw - sell price neg - F3436
Supermarket - Convenience Store - Supermarket - Specialty - Hills District Syd. Net $4000 pw - sell price neg - F3436
Industry :
Food/HospitalitySub Industry :
SupermarketAbout the business
Supermarket - Convenience Store - North West Sydney - Agent SBX Code Number: F3436
Supermarket ( Specialty ) in major shopping centre selling a variety of well sought after Mediterranean & Persian products ranging from saffron to Bulgarian goats cheese, Croatian wafers, seasoning, Italian biscotti, Greek dolmades, Persian olive oil, tea from everywhere, Turkish coffee, Persian Infused tea leaves and much more, Over 200 fantastic items on the shelves. Fresh bread, nuts, deli, sweets & much more are on offer. Client mix are approx. about 30% Persian - 30 % Arabic - 30 % Chinese - 10 % Other . The business only sells a very small percentage of deli items that are very profitable to the business but the business is not really a deli in its current form .,
Potential
This business has potential to grow with additional profit with the following add ons- Home delivery service- e-commerce shopping cart app- approval from shopping centre for Halal Butcher (space physically to add)- Door Dash, Menulog, Uber Eats - Shop could open earlier.
Features
Great selection of products - High volume of foot traffic - Good fit out -Friendly staff/customer service. Well known in the community
Premises
The shop is approx. 171 sq. mts. and is a very upmarket style deli with an almost new fit out
Location
Fantastic location in a high foot traffic boutique shopping centre with free parking available on site and easy access to train station nearby.
Trading Hours
7 days 9 am to 6 pm. Thursday 9 am - 8 pm
Lease
Current lease expires March 2025 + 3 month bond - 5 % annual rental increases - New lease available
Employees
One owner works only 3 days p.w. plus 2 casuals work 30 hours per week each . The casual workers currently working there are really good with the customers .
Comments
The shop is very clean and operated as Owner / Manager with limited employees. The stock is of high value and goods are not priced for those looking for a bargain. This is a growing business with a fantastic mix of new and regular customers frequenting the store more and more. Outgoings include one car space for the owner of the shop
Figures
Weekly Sales $18000
Rent (ex GST) $1670
Wages $800
Profit $4000
Agent SBX Code Number: F3436 - SBX Business Brokers
SBX Business Brokers is one of the largest business brokers in Australia servicing Sydney, Melbourne, Brisbane and the Gold Coast. With over 30 years of experience, you can be assured that SBX will provide you with a premium service.
Headed by Colin Bennie and an extensive team of multi-lingual brokers, SBX will match the right business with the right buyer. Our team will personally take on each business and market it individually, as well as handle all of the details of meetings and inspections. SBX will assist you in understanding all of the legal requirements, rental bonds, insurance and other requirements that may relate to selling or purchasing a business in Australia.
SBX sells all manner of businesses from small owner-operator businesses to franchises and multi-million dollar businesses.
To find out more about how SBX Business Brokers can assist you, simply register online or contact the office.
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$179,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!- Can you afford the business? Do you need financing to assist with the purchase?
- Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
- Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
- Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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