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Convenience Stores for Sale in ST KILDA, VIC

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Convenience Stores
ST KILDA, VIC
- No exact Convenience Stores business for sale matches found in . Found Convenience Stores Businesses for Sale in Melbourne - Inner
Popular Indian Grocery Store for Sale | Busy Melbourne Eastern Suburbs Shopping Centre
Melbourne, VIC, 3000
Food & Hospitality Businesses · Convenience Stores
$250,000
Popular Indian Grocery Store for Sale | Busy Melbourne Eastern Suburbs Shopping Centre$16,000 to $18,000+ Weekly Takings | No Royalties | Long LeaseAn excellent opportunity to acquire an established Indian grocery store located within a busy shopping centre in Melbourne's South East.Operating since January 2025, the business has built weekly takings of approximately $16,000 to $18,000+ and offers an extensive range of Indian groceries and everyday household essentials.The business operates on a semi-owner-operated basis with only two employees and has no franchise royalty obligations.With a long 5 + 5 + 5 year lease structure, strong stock holding and an established shopping centre position, this opportunity suits an owner operator, family business buyer or existing grocery retailer looking for another location.BUSINESS OVERVIEWBusiness Type: Indian Grocery StoreLocation: Melbourne South EastEstablished: January 2025Operation: Semi Owner OperatorWeekly Takings: Approximately $16,000 to $18,000+Asking Price: $295,000 + SAVStock Value: Approximately $250,000Employees: 2Royalties: NilKEY BUSINESS FEATURES* Busy shopping centre location* Weekly takings of approximately $16,000 to $18,000+* Established Indian grocery customer base* Long 5 + 5 + 5 year lease structure* 3% annual rental increase* No franchise royalties* Semi-owner-operated business model* Lean team of two employees* Approximate stock value of $250,000* Opportunity for increased owner involvement* Suitable for family ownership or an experienced retail operatorLEASE DETAILSCurrent Lease Term: 5 YearsOptions: Further 5 Years + 5 YearsAnnual Rental Increase: 3%Rent: $7,500The long lease structure provides an incoming buyer with greater security to continue developing the business over the longer term.OPERATING EXPENSESElectricity: Approximately $1,800 to $2,000 per monthWater: Approximately $100 per monthMarketing: Approximately $350 per monthPest Control: Approximately $120 per monthBins: Approximately $200 to $250 per monthCouncil Rates: Approximately $4,160 quarterlyOwners Corporation Fees: Approximately $5,500 to $6,000 quarterlyWorkCover Insurance: Approximately $4,000 quarterlyWhitehorse Council Food and Trading Licence: Approximately $600 per yearSTAFFINGThe business currently operates with two employees and is run on a semi-owner-operated basis.This provides an incoming owner with flexibility to maintain the existing structure or become more actively involved in daily operations.TRADING HOURSMonday to Friday: 10:00 AM to 8:30 PMSaturday: 9:00 AM to 9:00 PMSunday: 9:00 AM to 8:30 PMWHY CONSIDER THIS BUSINESS?The combination of a busy shopping centre location, established turnover, no franchise royalties and a long lease makes this an attractive proposition for buyers seeking an established specialty retail business.The large stock range and existing operation also allow an incoming buyer to take over an established business rather than build a grocery store from the ground up.ASKING PRICE$295,000 + SAVImportant Information Vaibhav Grover - 0470133725 Business Advisor and Broker Agent's Representative acting for Greenfields Real Estate, Lic No. 091937L. All financial information is provided by the vendor. Buyers must complete their own due diligence. Agents accept no liability for accuracy of figures or any outcomes arising from the information supplied. Pictures are for Reference Purpose Only
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