Supermarket for Sale - Regional Queensland
BUSINESS FOR SALE – FOODWORKS MAGNETIC ISLAND
Established Supermarket | Approx. $3 Million Annual Sales | Approx. $400,000 Net Profit | Currently Under Management
Looking for a sea change combined with a highly profitable and established business?
This is a rare opportunity to acquire an established FoodWorks supermarket on beautiful Magnetic Island, North Queensland, offering strong sales, proven profitability and significant further potential.
BUSINESS HIGHLIGHTS
* Approx. $3 million annual sales
* Approx. $400,000 net profit per annum
* Sales and profitability supported by business and financial records
* Currently operating under management
* Excellent opportunity for an owner-operator to become more involved and further improve performance
* Limited supermarket competition on Magnetic Island
* Significant potential for further growth
* Consistent sales history over the past 3 years
* Strong and improving gross profit margins
* Established and recognised FoodWorks supermarket banner
* Key anchor retailer within a busy shopping precinct
* High-profile main road position with three street frontages
* Excellent visibility and easy customer access
* Ample on-site customer parking
* Close to the island’s busy ferry and barge terminals
* Surrounded by holiday homes, apartments and tourist accommodation
* Strong mix of local and tourist customers
* Nearby pharmacy, bottle shop, bakery/café and complementary businesses
* Essential-service business with year-round demand
* Multiple revenue streams
* Established operational systems
* Strong local presence and reputation
CURRENTLY UNDER MANAGEMENT
The supermarket is currently operated under management, making it suitable for an investor or purchaser who does not wish to work full-time in the business.
For an active owner-operator, there is further potential to reduce management costs, become more involved in day-to-day operations and pursue additional sales and margin opportunities.
ACCOMMODATION AVAILABLE
This provides convenient and affordable accommodation for an owner-operator, manager or staff, which is particularly valuable for an island-based business.
STRONG LOCATION & GROWTH POTENTIAL
Magnetic Island has a strong combination of permanent local residents and visitors, providing the supermarket with a broad customer base.
With limited supermarket competition on the island, its established location, recognised FoodWorks banner and existing customer base provide a strong platform for an incoming operator.
There is considerable potential for a hands-on owner to further develop the business, improve efficiencies and capitalise on additional opportunities.
PROVEN FINANCIAL PERFORMANCE
The business generates approximately $3 million in annual sales and $400,000 in annual net profit.
Sales and profit figures can be substantiated through available financial and business records for genuine buyers undertaking due diligence.
With strong turnover, proven profitability, management already in place, affordable accommodation and further owner-operator potential, this represents an attractive opportunity for an investor, family business or hands-on owner-operator.
A rare opportunity to acquire an established and profitable supermarket while enjoying the Magnetic Island lifestyle.
Serious enquiries welcome.
Detailed financial information and supporting records are available to genuine qualified buyers and are subject to buyer verification.
For more details, please email listing owner.