Supermarket + lotteries

Sold!

Web ID: R7827

Business Description

  • Turnover  $45,000 per week
  • Prominent location on main road in the western suburbs
  • Established 1970s, current owner 11 years
  • Long lease in place & very profitable
  • Vendors looking to retire
Tony Iasiello 0412 217 608

Extended Price Information

Goodwill including Plant & Equipment $325,000
Stock at valuation (approx) $150,000
n/a
n/a
n/a

$475,000

Financial Summary

Year
Sales Return to Owner
n/a $2,743,391 $288,205
n/a $2,454,078 $210,607
2014/2015 $2,298,145 $187,654
2015/2016 $2,127,688 $177,849
The return to owner is a net return to two working owners after all expenses and
wages but excluding the vendors’ wage.

Staff Summary

There are three full time and nine casual staff employed within the business.

Lease Summary

Current Rent $7,208 per month + GST
Lease Term 5 years
Current Rent 1st July 2013
Lease Expiration 30th June 2018
Right of Renewal 4 x 5 years
Outgoings $2,197 per month + GST (approx.)
Bank Guarantee CPI annually and to market at renewal periods

n/a
n/a
n/a
n/a
n/a

Plant & Equipment

Original Cost of Plant $230,646
Written Down Value of Plant (approx.) $43,327
Go Back