Listing status: Inactive
Reason: --
Profitable IGA X-Press Supermarket Located on Canberra's Northside!
Profitable IGA X-Press Supermarket Located on Canberra's Northside!
Industry :
Food/HospitalitySub Industry :
SupermarketIGA is a network of over 1,300 independent family-owned businesses that sit at the heart of local communities across Australia, giving back and supporting local producers, suppliers, and charities wherever possible.
IGA supermarkets in Canberra have great protection from competition and tend to be more profitable because of strict planning laws and regulations, urban sprawl, high-income population, and unique local buying habits.
This popular IGA X-Press store is well located at a local shopping centre and attracts a large amount of foot and vehicle traffic passing by.
The store sells a large range of grocery items including fresh meat & chicken, vegetables, dairy products, frozen products, alcoholic beverages, and tobacco.
The business is currently run under partial management and the experienced and dedicated staff are willing to stay on with the new owner.
A long lease is in place until December 2026 with a 2 x 5 year option available.
The store has recently been refurbished so there is nothing more to spend for years to come.
This is the perfect opportunity for a dedicated owner-operator such as a couple or family who can work in the business themselves in order to reduce wage expenses and increase profits.
Don't delay making an enquiry on this fantastic business opportunity TODAY!
PRICE ON APPLICATION
For more information about this opportunity, please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au
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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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