King Island IGA Plus Liquor Turnover $186,185 per week Leasehold or Freehold
Industry :
ProfessionalSub Industry :
BrokerageWould have to be one of the best supermarkets in Tasmania, with all supermarket departments, Plus Liquor, True Value Hardware, Lotto Sales and Furnishings.
No big two supermarket competition. Only Tasmanian supermarket with liquor, shared access to both liquor and supermarket.
This business has a large turnover from wide and varied sources.
Well organised with all systems in place, excellent presentation, spacious well laid out building, with a central checkout. All supermarket departments such as groceries, frozen foods, fruit & veg, Grab n go bakery, meat, deli, confectionary, cards, stationary and much more.
Extensive schedule of plant and equipment, all in very good working order, including 3 fork lifts, refrigerated truck, delivery van, cool and freezer rooms, generator etc etc, numerous offices, all equipment and plans in place for any contingencies that may occur.
No expense has been spared in creating a joyous shopping experience for customers.
King Island is enjoying renewed growth, from the buoyant agricultural sector, reopening of the Scheelite mine @ Grassy, new $50m Abattoir soon to be established and coupled with the tourism industry which has come of age with the two World Class Golf Courses.
This highly profitable business has plenty of upside, where business turnover and profit can be increased, it is time for the current owners to retire.
Phone Business Broker Paul Scott on 0477 771 098. pauls@businessbrokersnetwork.com.au or Praveen Pant on 0432 256 682
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate.
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email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$2,290,000
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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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