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*UNDER CONTRACT* IGA Supermarket with Liquor for Sale in Melbourne Metro

SELLING PRICE

$1,500,000.00

LISTING AGENT

Sam Razzak

OVERVIEW

  • Listing ID 2311
  • Price $1,500,000.00
  • Categories Supermarket

Details

Business for Sale in Victoria - IGA Supermarket For Sale in Melbourne Metro

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

Disclaimer 

The financial information and statements relating to the above business has been prepared based solely on the information supplied by the vendor to Network Infinity and therefore Network Infinity does not guarantee the accuracy of such statements and financial information. Network Infinity will not be liable for such statements and financial information. Network Infinity strongly recommends all prospective buyers to this business to seek its own independent accounting, legal and financial advice and conducts its own due diligence of the business. Image used only for illustrative purpose to protect seller's privacy. It is in no way representative of the actual business or it's products.



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