Sales revenue :$51,000 / week Net profit :$200,000 pa Furniture/Fixtures value :$450,000 Inventory/Stock value : $150,000
Kulin is 277km from Perth ( a little over 3 hours drive ), has a population of around 770 people, with agriculture the principal area of employment, and is a town with a positive "can-do" attitude.
The shire boasts some of Australia's quirkier attractions and other events such as The Tin Horse Highway, the giant waterslide ( regional Australia's largest ) and the Kulin Bush races weekend. The shire also has very good caravan facilities attracting travellers and wildflower enthusiasts.
The sale consists of 3 parts:-
The supermarket business
The Freehold Land and Premises at 5 High St, Kulin
The Freehold Land and Premises at 54 Day St, Kulin
The Supermarket Business
The Supermarket business, trading under the IGA Local Grocer banner was purchased by the current owners in 2014. It has proven to be a steady business showing improvement in turnover and profitability based on their store presentation skills, product offering and customer service levels, along with an increased investment in better shop refrigeration and fixtures.
The sales ( excluding GST ) are in excess of $51,000 / week at a GP of 26.9% and showing a normalised net profit around $200,000pa.
The Freehold Land and Premises at 5 High St, Kulin
This land comprises approximately 1,940 m2 of land in a prominent location in the centre of town, and has the following improvements: -
A brick and iron building of around 350m2 housing the Kulin IGA retail store, complete with backpacker premises
A brick and iron 2 storey residence with a building floor space of approximately 330m2, featuring 5 large bedrooms, 2 bathrooms, 3 toilets, 2 large living areas, open plan kitchen and dining room, separate office, separate laundry, a very large undercover patio area ( not included in the floor space size ) with built-in kitchen, and a below ground pool.
The building has been extensively renovated and extended creating larger and more efficient living spaces and increased liveability and entertainment.
A brick and iron building of around 350m2 housing the Kulin IGA retail store, complete with backpacker premises
A brick and iron 2 storey residence with a building floor space of approximately 330m2, featuring 5 large bedrooms, 2 bathrooms, 3 toilets, 2 large living areas, open plan kitchen and dining room, separate office, separate laundry, a very large undercover patio area ( not included in the floor space size ) with built-in kitchen, and a below ground pool. The building has been extensively renovated and extended creating larger and more efficient living spaces and increased liveability and entertainment.
An iron shed approximately 250m2 featuring a mezzanine floor for storage, separate workshop, generous under cover parking, all on a solid concrete slab.
The Freehold Land and Premises at 54 Day St, Kulin
This land comprises approximately 1,000m2 of land with assorted sheds and yards. It adjoins the property at 5 High St and, excepting being on different titles, is a part of the same land area.
The Selling Price
The selling price is $2,558,000 made up of $1,200,000 for the business ( including stock) and $1,358,000 for the freehold land and improvements.
