Central Market Fruit & Veg Store

$246,000 + SAV ($4,000 approx.)

Web ID: R4101

Business Description

The Adelaide Central Market is one of Adelaide’s true icons. It is as well-known as the Adelaide Oval, the Barossa and The Popeye. The market has the same charm and character that it had over 100 years ago and is part of the state’s culture and heritage.

Operating at its current site since before the market had electricity, this store has stood the test of time and created a brand in its own right. It represents the highest quality that the Central Market can offer and ensures that their produce is fresh and delicious, and their presentation is vibrant. The current vendors have been selling some of the tastiest fruit and vegetables available for over 30 years, serving an enormous group of loyal customers who come back time and time again for their great products and friendly service.

It is now time for a new owner to take possession and create a new beginning as the baton transfers to the next generation. As custodians they will make their own contribution which will enable future South Australians to enjoy the timeless character of what we all know as the Adelaide Central Market.

At a glance:

  • Fruit and Veg stall located in Adelaide Central Market
  • Operating 4 days per week
  • 5 year lease with 1 x 5 year renewal
  • Current vendors operating for 30 years 
  • Loyal following of customers

Tony Iasiello 0412 217 608


Extended Price Information

Goodwill $236,000
Plant & Equipment (approx written down value) $10,000
Stock at valuation (approx) $4,000
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$250,000


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Lease Summary

Current Rent $5,018.77 per month + GST
Lease Term 5 years
Lease Commencement 1st June 2015
Lease Expiration 31st May 2020
Right of Renewal 1 x 5 years
Outgoings Paid by tenant
Adjustments 4% per annum

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