Iga Supermarket Banora Point For Sale

Banora Point, NSW3/21-25 'IGA BANORA POINT' Amaroo Dr

Food/Hospitality / Supermarket
$480,000 + Stock Ono
Listing ID1908827

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Sales for 2017 / 2018 financial year came at $2,355,772.63

Net profit to Owner 2017 / 2018 approximately $205,665.61

This beautifully presented business is now for sale. Sales in the Summer months would average $52,000 to $55,000 per week with Winter around $46,000 to $48,000. This business is very well structured offering a full range of quality products, stocked deli, cooked chickens, fresh produce, sub-news agent and very happy customers.

You truly feel when walking into this business it is connected to the local community, smiling faces and plenty of banter, very clean and tidy. IGA Banora is certainly the corner stone of the Tweed Heights community and the only supermarket in the centre, positioned in-between a bottle shop & bakery.

There is a long lease in place current term to Feb 2021 + 3 x 5-year option periods. Current gross rent is inclusive of outgoings @ $10,349.14 per month including GST. The business trades 7 days per week has 10 staff to include 2 staff in management roles that can open & close and run the business when the owners are away. The owners work in the business one doing 45 hours the other 33 on average. There is a new residential estate selling land now at 50% sold of 166 lots that are less than a kilometre away that will increase sales. Great opportunity for a new owner to secure a great business. Exclusively listed for $500,000 + Stock approximately $110,000

For further enquiries or to arrange an inspection please call Brendan Morgan today on 0411 410 099 or brendan.morgan@raywhite.com.

Quality like this is hard to find so don't delay.
3/21-25 'IGA BANORA POINT' Amaroo Drive, Banora Point, NSW 2486
21-25 'IGA BANORA POINT' Amaroo Drive Banora Point NSW 2486 AUS
-28.224766 153.528374