. Hyde Park Foodworks, HYDE PARK 5061
$295,000 + SAV ($100,000 approx)
Tony Iasiello

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Raine & Horne Business Sales
35 Dequetteville Terrace,

. Hyde Park Foodworks, HYDE PARK 5061

Food/Hospitality for sale

. Hyde Park Foodworks, HYDE PARK SA 5061

$295,000 + SAV ($100,000 approx)

Business Details

Hyde Park Foodworks

Hyde Park Foodworks is located on King William Road in Hyde Park on one of Adelaide's most popular retail strips. The store has been operating for some 30+ years as a supermarket with a more recent change to the Foodworks banner under new ownership in late 2013.

The new owners took over a very poorly run store and proceeded to change its appearance and its viability. The new owners have rebuilt its reputation for service, quality and range. Upgrades include new flooring, lighting, a 6-door inbuilt freezer and compressor, new compressors to run the dairy fridge, expanding the Fruit and Veg section in size and offering, full store relays and very recently a new deli case.

Hyde Park boasts excellent demographics with a concentration of people with high disposable income supporting high end gourmet items with an average of 2,700 customers a week and a consistent turnover. The average GP for the store is 30% which is well above the industry averages of 22%-24%.
The store has 11 parking bays for its customers on the side and to the rear of the premises and is monitored by a number of security cameras inside and outside of the store.

At a glance:
- Recently re-branded and upgraded
- 2016/17 sales $1.8 million
- Average gross profit for the store is 30%
- 2,700 customers per week (average)
- Good location among excellent demographic
- Parking to side and rear of store

Tony Iasiello Click to call

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Supermarket
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Raine & Horne Business Sales 159117
35 Dequetteville Terrace,

Phone: 08 8361 3074
Fax: 08 8361 3075

Tony Iasiello
Phone: (08) 8361 3074
Mobile: 0412 217 608

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