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https://networkinfinity.com.au/en/listing/2311/SOLD-NEED-MORE-IGA-Supermarket-with-Liquor-for-Sale-in-Melbourne
VERY LOW RENT
GROWING SALES
ESSENTIAL COVID PROOF BUSINESS
Many Australian businesses have been affected by COVID-related lock down, but supermarkets are generally well-run because they are classified as essential businesses. As a result, supermarkets in Australia and many other countries have become desirable businesses for owners, operators and investors. This supermarket is no exception and is experiencing rapid sales growth. However, even after Victoria's COVID lock down was lifted in November 2021, sales continued to grow, which is a big difference for this supermarket. This business, coupled with year-over-year sales growth, ultra-low rents, and long-term leasing, makes it very attractive for strong future profitability. It is very rare for a supermarket to have all three components..
* Sales July 2021 to March 2022 ~$3.36M Inc GST
* 38.25 % YOY Sales growth (FY 19-20 to FY 20-21), sales continues to grow into FY 21-22.
* Super Low Rent, below 2% of average takings
* Long secured lease
* Top location, ample free parking
* Fully equipped
* Loyal clientele
* Suitable for owner operators or investors alike
* Easy manage business
* Plenty of free parking available
* Business is suitable for 188 Business Visa holders
* ONLY SERIOUS GENUINE BUYERS TO QUERY
* Asking $1,500,000 ONO + Stock At Valuation (Appx $280K )
***EXCLUSIVELY LISTED WITH NETWORK INFINITY*****
For more information
please contact Sam on
0427 836 110
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