IGA Supermarket Holden Hill

$339,000 + SAV ($150,000 approx.)

Web ID: R2324

Business Description

This IGA is situated in a local strip shopping centre in the North-Eastern suburbs and is located on a busy intersection. Ideally located to attract customers from the great numbers of passing traffic. The ample parking and location make it easy for one stop shopping.

 

At a glance:

  • Located in local neighbourhood shopping centre
  • Sales around $30,000 per week
  • Attractive lease with low rent
  • Ample parking available making it convenient to drop-in for customers
  • Vendors wish to sell to pursue other business interest
David Hutchinson 0414 440 953

 



Extended Price Information

Goodwill including Plant & Equipment $339,000
Stock at valuation (approx) $150,000
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$489,000

Financial Summary

Year
Sales Return to Owner
2016/2017 $1,542,143 $174,019
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Staff Summary

There are currently three full time staff including two vendors and two casual staff.

Lease Summary

Current Rent $2,953.54 per month incl. GST
Lease Term 5 years
Lease Commencement 1st July 2015
Lease Expiration 30th June 2020
Right of Renewal 1 x 5 years
Outgoings Paid by tenant
Adjustments 4% per annum increases and market review at renewal period

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