UNDER CONTRACT | HIGHLY PROFITABLE IGA SUPERMARKET FOR SALE

About the business

INVESTMENT: $1,807,000 + SAV

Located in one of Hobart’s fastest developing suburbs with a large amount of current residential development and population growth. The store is well laid out over a 400m2 footprint with parking for 35 vehicles and has a very attractive long lease term with options.

It is all set up, with nothing more to spend with an experienced team in place. The family-owned business has seen consistent growth over the past 30 years. The current owners have continuously reinvested into the business.

* Very strong profitability, which is increasing.
* Annual revenue FY22 is well over $8.5 M
* Strong gross profit margin along with constantly ranking
number 1 in Southern Tas for sales in:
> CCA-Coca-Cola Amatil
> Bega Dairy & Drinks
> BAT - British American Tobacco
* Long lease with options provides 21 years of tenure
* An experienced team of staff, trading 7 days a week, 7 am until 7 pm
* Excellent location with huge passing traffic and strong local community support
* Modern store with an excellent average basket size due to the product range offered
* Full financial and sales history available

This is an excellent opportunity to acquire a blue-chip store within a growth area of Hobart. Supermarkets are future-proof businesses with consistent growth, and this particular IGA is an exceptional example of a well-run, locally supported family business.

All enquiries are treated in the strictest of confidence.


To receive a comprehensive Business Profile, please call (03) 6128 3333 (Dean) or email our office at dean.demeyer@finnbusinesssales.com.au to obtain a confidentiality agreement.

FINN BUSINESS SALES TASMANIA website:
https://tasmania.thefinngroup.com.au/