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Supermarket - Chinese Groceries - Inner West - (Code: M2191)

Chinese supermarket -Inner West -4 bedrooms attached- Net $2270 p.w.

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Price: $185,000






Weekly Takings (inc GST) $17,000
Cost of Goods $11,300
Gross Profit $5,700
Rent $1,279
Wages $1,100
Outgoings $608
Telephone $14
Insurance $57
Electricity $347
Gas $
Misc 1 $25
Misc 2 $
Total Expenses $3,430
Net Profit $2,270
Coffee Kilos P/W 0.0

Estimated Stock

$65,000
(Additional)

Equipment

$
(Included)
All other values
exclude GST
General Description
<p>Supermarket selling Chinese groceries, snacks, frozen food, cigarettes, daily fresh vegetables etc. The takings include wholesale to local restaurants. Busy trading time is evening and weekend.</p>

Potential
Do more marketing. Add more products. Ideal for family business. Could convert to different type of Asian Supermarket.

Features
Great location. - Long established for many years. - Regular customers. - Long lease with reasonable rent. - Stable profit. 4 bedrooms upstairs can be living or rented for extra income.

Premises
Well presented shop with an area of approx. 150 m2 plus 4 bedrooms upstairs.

Location
Prime street front location in busy shopping street in popular Inner West suburb.

Trading Hours
7 days - 9:30 am to 11 pm.

Lease
5 + 5 years lease commenced June 2020. 3% annual increases. 3 months bond.

Employees
One owner + 1 full time staff

Comments

Misc.-1- Rubbish bin - The total rent is $1899 a week including gst plus outgoings 4 bedrooms upstairs with separate entrance rented for $620 a week, therefore the current base rent paid is $1279 p.w. This is a good and profitable business in hot spot shopping area. Inspections must be through a broker.



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SBX Business Brokers takes no responsibility for the accuracy of this information. Buyers should seek advice from their own Advisors.

SBXM2191

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