Northern Adelaide supermarket with x-lotto
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Business Description
The supermarket is located in a busy area in a northern suburb of Adelaide, offering a comprehensive range of products and services. A key feature is its lotto kiosk, which attracts regular foot traffic and provides a steady stream of income.
Operated by an experienced management team, the supermarket is ideal for a hands-off investor. The team ensures smooth daily operations, allowing the owner to focus on growth and development.
With thirty-five staff members handling customer service, inventory management, and daily operations, the supermarket runs efficiently. It has demonstrated consistent financial performance, supported by diverse product offerings and a strategic location.
This is a robust investment opportunity for those looking to enter or expand in the supermarket industry. Its established customer base, diverse income streams, and professional management make it a turnkey operation with significant growth potential. The long-term lease and comprehensive staffing enhance its appeal as a stable and profitable venture.
At a Glance
- Part of a successful supermarket franchise
- Lucrative x-lotto
- Lease to 2032
- Operating under management
- Consistent financial performance
Eunice Tan 0435 383 398
Extended Price Information
| Goodwill including Plant & Equipment | $1,700,000 |
|---|---|
| Stock at valuation (approx) | $400,000 |
| $2,100,000 |
Financial Summary
| Year | Sales | Return to Investor | Return on Investment |
|---|---|---|---|
| 2021/2022 | $8,672,912 | $598,635 | 28.51% |
| 2022/2023 | $7,644,758 | $600,870 | 28.61% |
| 2023/2024 | $8,325,949 (annualised) | - | - |
Staff Summary
There are 35 staff employed by the business made up of 3 full time, 4 part time, and 28 casuals.Lease Summary
| Lease Term | 10 years |
|---|---|
| Lease Commencement | 15th October 2017 |
| Lease Expiration | 14th October 2027 |
| Right of Renewal | 1 x 5 years |
| Outgoings | Paid by tenant |
| Adjustments | CPI annually |