Established Grocery Store in Inner Southwest Melbourne
Established Grocery Store in Inner Southwest Melbourne
Industry :
--Sub Industry :
Don't miss this unique opportunity to acquire a well-established grocery store in the heart of Southwest Melbourne, and benefit from consistent foot traffic and accessibility. Established in 1997, this local reputable store has quickly become a trusted destination for residents seeking high-quality groceries, fresh produce, household essentials, and exceptional customer service. The sale presents a rare opportunity due to the owner's planned retirement, offering a seamless transition for a new owner.
Key Points:
• 26 years of successful trading
• The business is in a bustling commercial hub
• 2 coolroom storage
• Diverse mix of loyal clients – Middle Eastern, Asian, European and locals
• Great opportunity for someone in the green grocery industry looking to expand their business or branch out on their own
• Expansion opportunity for under-utilised Café and Deli areas
• New lease, negotiable terms
Years trading: 26 years
Location: Inner Southwest Melbourne
Annual rent: $84,000
Annual sales: $3,000,000
Listed price: $660,000 (plus SAV)
The Phone Code for this property is: 66996. Please quote this number when phoning or texting.
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Victoria
Australia
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$660,000
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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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