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Fruit & Vegetable Businesses for Sale in NORTH SYDNEY, NSW

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Fruit & Vegetable Businesses
NORTH SYDNEY, NSW
- No exact Fruit & Vegetable Businesses business for sale matches found in . Found Fruit & Vegetable Businesses Businesses for Sale in Sydney - North Sydney and Hornsby
Priced To Sell - Fruit and Veg Supermarket Shop Netting $5,000 p/ week - Low rent - 6 days trading
Priced To Sell - Fruit and Veg Supermarket Shop Netting $5,000 p/ week - Low rent - 6 days trading
North Sydney, NSW, 2060
Food & Hospitality Businesses · Fruit & Vegetable Businesses
$450,000
Background and venueFamily owned business with over 50 years experience in fruit and veg and retail stores located conveniently in the north shore of Sydney. This grocery shop is passionate about fresh produce, hand picking only the best fruit & vegetables daily. Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs, frozen products and some supermarket linesCurrently owner operated open 6 days a week with potential to open 7 days to increase revenue by another $10,000. Potential to join Food works or Friendly grocer subject to landlord approval. Operating HoursMonday to Saturday 7.30am 6.00pm Sunday closed. Employees 4 full timers, 1 part time, 6 casual staff LeaseBrand new 5+5 year lease available $2500+GST fixed for 5 years, 5% increase or CPI at the option period. 3 months bond required Potential* Potential to open Sundays and add an extra $10,000 to the weekly sales * Low rent representing less than 5% of turnover * Introduce online home deliveries * Introduce more home packs or premade lunch, dinner* Advertise on social media, facebook, Instagram Weekly Financials Based on Last 12 Months POS Sales Weekly Takings $63,959Cost of Goods $43,133Gross Profit $20,826Rent $2500 (ex gst, includes outgoings)Wages $10,000 (not including owners wage)Telephone $60 (includes internet)Insurance $543Electricity $ 420Transport $1500Misc 1 $721 (repairs and maintenance, waste removal)Total Expenses $15,744Nett Profit $5082Stock $100,000 Asking Price $450,000 + StockReason for sale:The owners are looking to retire after 50 years in the business. The Opportunity:Net profit $6,000 per week. Very low rent under 4% of sales . Only open 6 days. Potential to open Sundays for more revenue. Rent is less than 4% of total revenue. Potential to keep as an independent grocer or Foodworks or Friendly Grocer supermarket.
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