Foodland supermarket - close to city
Sold
Business Description
- Sales $85,000 per week (average of past 3 years)
- Ideally located on main arterial road among other retail stores
- Currently running with minimal involvement from owner
- Same owner since 1996
- Long lease available
- Showing excellent return on investment
Tony Iasiello 0412 217 608
Extended Price Information
| Goodwill including Plant & Equipment | $990,000 |
|---|---|
| Stock at valuation (approx) | $250,000 |
| $1,240,000 |
Financial Summary
| Year | Sales |
|---|---|
| 2011/2012 | 4,336,663 |
| 2012/2013 | $4,682,341 |
| 2013/2014 | 4,635,187 |
| 2014/2015 | $4,163,466 |
Staff Summary
The store is run by managers with approximately 20 casual staff. The owner has minimal involvement with this store and works approximately 10 hours per week in the business.Lease Summary
| New Rent | $180,000 per annum + GST & including rates & taxes |
|---|---|
| Lease Term | 15 years |
| Lease Commencement | 23rd May 2008 |
| Lease Expiration | 22nd May 2023 |
| Outgoings | 2 x 5 years |
| Outgoings | Paid by tenant |
| Adjustments | CPI annually |