Established IGA Supermarket | $5.68M Annualised Turnover | $376K Adjusted Profit | Sunshine Coast Growth Corridor
IGA Sunshine Coast is a well-established independently branded supermarket operating on the Sunshine Coast. The store trades seven days a week from 5am to 10pm, delivering strong weekly turnover to a loyal residential and visitor catchment.
Current annualised sales sit at $5,685,959, with weekly average sales of $109,345 and adjusted net profit of $376,508 (6.6% of sales). The business has shown a clear improving trend, with gross profit margin lifting from 25.1% to 30.6% over the past three years. The store is currently store managed, with the owner working approximately 10 hours per week on the business rather than in it, providing a clean handover structure for an incoming owner-operator or investor.
KEY FEATURES
• Recognised IGA brand with national supply chain, marketing support and promotional programmes
• Current annualised turnover of $5,685,959, with weekly average sales of $109,345
• Improving financial trajectory, with gross profit margin lifting from 25.1% to 30.6% over three years
• Adjusted net profit of $376,508, representing 6.6% of sales
• Secure lease to 30 June 2027 with 2 x 5 year further options
• Long trading hours 5am to 10pm seven days capturing commuter, hospitality and late trade
• Store managed model with owner working only 10 hours per week, offering a clean transition for an incoming owner
• Positioned in the Sunshine Coast's primary commercial and residential hub
WHY THIS BUSINESS
• You step into an established IGA with strong current trading and a clear upward profit trend
• You acquire annualised adjusted earnings of $376,508 with a long secure lease in place
• You benefit from a recognised national brand and its supply and marketing infrastructure
• You capture long trading hours and a high-density Sunshine Coast catchment
• You gain a store managed business with established team and systems already in place
• You access significant upside through direct owner-operator engagement and category development
FOR SALE: $1,395,000
Contact the exclusive broker:
Mathew Hartley
Benchmark Business Sales & Valuations
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If you'd like to know more about this business, go to our website www.benchmarkbusiness.com.au and use the reference: bus6532 to search for the business.
Please ensure you have the necessary capital before expressing an interest in this business.
The image shown is for illustration purposes only and may not be an exact representation of the business.
Benchmark Business Sales and Valuations
For more details, please email broker or call agents.
