Business Summary

(P.N.: The displayed suburb may not be the store location due to confidentiality, don't hesitate to get in touch with a broker for verification)

Located in the easter suburb of Melbourne, about 24 km from CBD. A Long established Asian supermarket is seeking new owners, and the store is in a second-to-none shopping strip with easy access and ample customer parking.

This sizeable store has complete supermarket equipment, including a substantial walk-in cool room, a walk-in freezer, a storage room, a loading station, an office space, a kitchenette, and a toilet. Plus, a whole equipped butcher's shop. The quality fresh meats and reasonable prices are famous for the locals and have a high reputation. Some main fridges have just been newly replaced.

The traditional Southeast Asian grocery store has been well-established in its reputation throw hard work for nearly three decades. With various stocks arranged, fresh products and quality customer service, business revenue growth slowly but stabilised. However, it still has opportunities for improvement and development, with the local Asian population, mainly Chinese, growing consistently and rapidly.

The other attractive features, including
* Niche market, No direct competition within 5 km.
* Local well-known Asian grocery store with royalty customers
* Excellent primary road location
* Possible to add up more Asian fruit, vegetable, and the group buying
* Fully equipped Asian grocery store, including butchers
* The main fridges are newly replaced

The snapshot of business:
* The financial FY2019 of $ 2,775,355; FY2020 of $ 3,076,548 FY2021 of $ 3,124,495
* Average weekly turnover of $60,000 plus
* Monthly rent is $ 10,738.76 + GST + outgoing,
* Sublet income $1,800 pm
* Store size is about 250 sqm approximate

The vendor decides to sell and asks for $565,000 plus stocks between $150,000 to $180,000.

The Asian grocery industry is booming in Australia. If you are a genuine buyer, don't miss out on this excellent opportunity! Please get in touch with Roger on 0404 034 777 for more information and arrange for an inspection.

Roger Zhao
Specialist Business Broker
Galaxy Business Agency

M: 0404 034 777 E: [email protected] W: galaxybusinessagency.com.au

Suppose you'd like more business information, such as the business address. In that case, you are requested to agree and sign up for a Confidentiality Agreement, and please get in touch with the broker.

The business images shown are for illustration purposes only and may not be an exact representation of the business.

Business Category: Food and Hospitality, Retail, Food Outlets


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? Roger?
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M 0404 034 [email protected]?galaxybusinessagency.com

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Property Details