Supermarket - Asian Groceries - Under Management - Supermarket Asian - Inner West Sydney - Managed - Sales $40000 pw - Net $5980 pw - F3444
Supermarket - Asian Groceries - Under Management - Supermarket Asian - Inner West Sydney - Managed - Sales $40000 pw - Net $5980 pw - F3444
Industry :
Food/HospitalitySub Industry :
SupermarketSupermarket - Asian Groceries - Under Management - Inner West - Agent SBX Code Number: F3444
Supermarket - Asian Groceries packed full of Asian essentials - a large range of fresh Asian fruit and vegetables and many other special foods. Prices are cheaper than the other non Asian major supermarkets. Provides groceries from Hong Kong, Japan, Korea and South East Asia. Amazing modern shop fit out where no expense has been spared. .Although the business is currently run under management , the profit shown in this business profile is based on one working owner running the business with staff.
Potential
Great potential for hands on owner operators who would be committed to the further success of the business by engaging with customers and lay down a strong ongoing marketing program for the business online.
Features
Cheaper selling prices than the major supermarket chains. - Staff are mentioned as always being extremely friendly and helpful. - Extremely well stocked store with large popular range of supermarket items. The shop is clean and well organised - Long secure lease. Very modern looking shopping centre popular with locals .
Premises
Fully fitted modern professional supermarket selling at less than fit out cost with an area of 183 square meters plus storage
Location
Fabulous location adjacent to major non Asian supermarket chain and large underground carpark in Inner West Sydney
Trading Hours
7 days - 8.30 am to 7.30 pm.
Lease
7 year lease with a further 5 year option - 4% annual rental increases - 3 month bond
Employees
Currently run under full management requiring 2 people plus the occasional casual at certain times during the week and year ..Although the business is currently run under management , the profit shown in this business profile is based on one working owner running the business.
Comments
Please do not approach the staff of the business as the owners do not work in the business but contact your SBX broker for further information.
Figures
Weekly Sales $40000
Rent (ex GST) $4309
Wages $1852
Profit $5980
Agent SBX Code Number: F3444 - 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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$599,000 + SAV
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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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