ANNUAL SALES OVER $1.5M, LONG ESTABLISHED, POPULAR & PROFITABLE ASIAN GROCERIES & FRESH PRODUCE SUPPLIER

This long-established Asian fruit and vegetable supplier nested in the high foot-traffic popular Asian shopping hub of Gold Coast is known for unbeatable prices and exceptional freshness, with all produce sourced directly from farms on the same day. The business serves a dedicated retail and restaurant clientele, providing over 30 varieties of Asian vegetables and 15 types of herbs essential for the local Asian community and restaurants.

While the business enjoys strong repeat customers, there is significant growth potential in expanding B2B relationships. With the right marketing and outreach, wholesale revenue could see substantial improvement. This opportunity is ideal for a new owner looking to expand an already successful venture with fresh advertising and promotional strategies.

The business was established for over 8 years and has been generating not only great profit for the owner, but also earning a strong local reputation for the business. The owner manages the business himself and has strong relationships with the suppliers farmers and the wholesale customers (local restauranteurs). The business is located in a high visibility location with annual rent roughly 10% of the yearly sales which is around $1.5M. Owner pays himself $2500 per week and after the wages, rent, Cost of Goods and Miscellaneous expenses, the business annual netting is close to $350,000.

Owner is reluctantly offloading the business against the backdrop of his retirement plan and is committed to offer education and hand-over support to the new owner.

This is a perfect business for a hardworking and money-earning chaser who is motivated to scale up an "already successful" business and to take it to the next height by expanding the B2B revenue streams.

It is also a simple business and suitable for the Visa 188A applicant who is required to purchase a reliable and easy to operate local business to fulfil his/her 188A visa applications.

Contact Henry Chow

Asking $350,000 plus Stock at Value

Ref. no. BUY2421

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