Convenience Store - Korean & Chinese Groceries - Korean and Chinese Groceries - Long established for 27 years. - Urgent sale - W1842
Convenience Store - Korean & Chinese Groceries - North West Sydney - Agent SBX Code Number: W1842
Convenience store selling Korean and Chinese groceries such as snacks, cans & jars, sauce and condiments, meat, seasoning, pasta, rice, seaweed, frozen fish, fruit and veg, soft drinks, at very competitive pricing. Excellent wide shelving and spacing gives products maximum display and accessibility. Good storage with 2 big cool rooms.- First floor has 2 rooms with a possible rent income of $500 p.w.
Potential
Suit Chinese or Korean family business. - Do some local marketing and advertising. Add more vegetables and fruits. A good size family business. Could rent out first floor for office use. Could add liquor (STA)
Features
Prime location. A good size Asian grocery store. Long history. Well known grocery store. Spacious and stable business. Reasonable shop rent.
Premises
Ground floor has an area of 200 sq.mts.
Industry :
--Sub Industry :
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$80,000
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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!
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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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