Asian Supermarket - Under Management - Asian supermarket - Eastern Suburbs - Sydney - Sales $57,000 p.w - High Margins - SM1490

Asian Supermarket - Under Management - Eastern Suburbs - Agent SBX Code Number: SM1490

Supermarket selling a wide range of Chinese / Asian groceries, soft drinks, snacks, frozen food and daily fresh vegetables. Stock $200,000. Original owner since 2006. Very high margins. Profit shown is for one working owner.

Potential
Currently trading under management, huge potential for owner operators to improve the sales and save on wages.

Features
Great location. Very high margins. No direct competition. Easy to operate. Under management

Premises
This business has an area of 200 m2 with a top fit out.

Location
Perfect location in high foot traffic shopping centre in Sydney Eastern Suburbs.

Trading Hours
7 days, 9 am to 7 pm.

Lease
New lease commenced 29th September 2032. 4% annual increases. 3 months bank guarantee.

Employees
Manager plus 3 - 4 casuals.

Comments
The rent includes outgoings and storage. Misc.1 = Accountant fees, etc. Managers wage of $1,960 has been added back to profit as if for an owner operator. The wages include superannuation. Inspection is highly recommended. Please do not speak to anyone when visiting the premises. The weekly taking is full year average.

Figures
Weekly Sales $53000
Rent (ex GST) $4785
Wages $4285
Profit $3935

Agent SBX Code Number: SM1490 - SBX Business Brokers

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