Supermarket- Chinese Groceries -Asian Food - Supermarket - North West Sydney developing suburb- Bargain offer - M2216
Supermarket- Chinese Groceries -Asian Food - Supermarket - North West Sydney developing suburb- Bargain offer - M2216
Industry :
Food/HospitalitySub Industry :
SupermarketAbout the business
Supermarket- Chinese Groceries -Asian Food - North West Sydney - Agent SBX Code Number: M2216
Supermarket mainly selling Chinese groceries, snacks, frozen food, soft drinks etc. Long established for 7 years. Fully equipped. The business is not being sold figures and the sale price is for shop fitout only. Urgent sale due to current owner not being able to operate the business.
Potential
Could convert to Asian supermarket ( India or Korean groceries etc. ) or convenience store. Add fruit and vegetables. Promote market. Suits a motivated owner operator to boost sales.
Features
Good location. Developing area with more population. Great potential. Bargain price.
Premises
Well presented shop with an area of approx. 110 m2 including store room.
Location
Street front location surrounded by a group of high rise apartments in North West suburb.
Trading Hours
7 days - Currently trades 12 pm to 8 pm. -Usually 8 a.m. - 8 p.m.
Lease
5 + 5 year lease commenced September 2017. - 5% increases. - 3 months bond. - New lease available.
Employees
One staff operator
Comments
The outgoings includes water, strata and council rates. The sale price is well below the shop fit out and equipment value. A must to inspect.
Figures
Weekly Sales $0
Rent (ex GST) $1362
Wages $0
Profit $0
Agent SBX Code Number: M2216 - 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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$38,000
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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!
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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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