Food/Hospitality for sale
AMAZING OPPORTUNITY – Spar Supermarket
Spar Supermarket with double digit growth and lifestyle….
This Spar supermarket has had a major lotto upgrade completed in the last 9 months and since then, the sales have continued to grow. In 2015/16 the sales averaged at approximately $63,000/week. Since completing the lotto and newsagency upgrade the sales have been skyrocketing! Since Christmas 2016, sales have averaged approximately $75,000 ex GST a week and the best part of this is, there is still more opportunities to grow.
The freehold is in the process of changing hands and the business now has to go. This presents the perfect opportunity for a smart hands on retailer who can now take it to the next level.
Recently the local government approved a $60,000,000 development 1km from the store which will be a massive RV/Cabin style development. With the tradies and also the influx of visitors in, presents an opportunity to drive sales even higher.
The store is run under partial management as the owner works approx 25 hours a week, so the staff are well trained and can run the store in your absence. With no major supermarket for approximately 30km in any direction and only 3½ hours from Brisbane, this is one of the deals of the year.
· Sales last 12 weeks – $75,000 ex GST
· Supermarket with Lotto and Newsagency
· Rent – $125,000 a year – $250/sqm
· Healthy GP of 24%
· 500 sqm
· Major development starting soon
This Spar Supermarket business is well presented and in excellent condition. At only 8 times turnover, this business will not last long at the listed price.
Sale price $550,000 +SAV
Please contact me for more information
David Zampech – Supermarket Specialist
Office: 1300 366 521
Email – Click to email
- Business Category: Food/Hospitality
- Business Sub Category: Convenience Store