I.G.A. Supermarket For Sale - $35,000pw + Turnover High Growth Business

Abbotsbury, NSW

Food/Hospitality / Supermarket, Fruit/Veg, Deli
SOLD
Listing ID1662581
Summary:
Profitable owner/operated IGA Store located in a community shopping centre in Western Sydney's most affluent suburb. Recently refurbished nothing to spend and showing exponential growth with even greater opportunity to capitalise further.

Location Details:
A well-presented, profitable IGA Supermarket, positioned in a local shopping centre on a main arterial road within a well sought after community. Boasting ample off street parking and no local competition.

Potential:
This business is already showing rapid growth month on month. The new owner would benefit from continuing current processes and further expanding on the current model. Increasing local engagement through marketing and events can be done.

Trading Hours:
Current operating hours 7.30am-8.30pm 7 days.

Employees:
1x FT Owner
2x PT Duty Managers
5x Casual Staff

Lease:
Approx. 500m2 with monthly rent at $9500 + GST. Including outgoings.

The reason for Sale:
Owner selling due to personal reasons.

About the business:
Established on site for 20 years and following a $200,000+ refit and rebranding as an IGA Supermarket within the last 12 months, the business has more than doubled its weekly turnover. Fantastic opportunity for an entrepreneurial operator to further grow the business through adding value to existing offerings and capitalising on available space.

Previously a Foodworks/ Friendly Grocer store for approx. 20 years, the store was rebranded as an IGA Supermarket in 2016. Currently, owner operated with a small team of 7 Part time/ casuals. Perfect for a family owner/operator looking to embrace the local community.

Business Summary:

• Approx. $200k spent on a full refit in 2016.
• Long established in the area.
• Glowing customer reputation.
• Prime location, high volumes of foot traffic.
• Rapid sales growth month on month.
• Staff are reliable and focused.

Disclaimer: Due to the confidential nature of the sale, images used are stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owners salaries, directors benefits, personal expenses, non-recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.