Well-Established IGA Shop with Long Lease with Options

Burpengary QLD
Asking Price $750,000 +SAV
About

IGA is a worldly-known independent grocery chain with 1,328 stores as of 6 February 2024!!!

It goes without saying how popular this store is in spite of many other competitors.

This specific store was opened in 2013, and keeps growing.

The store of 900 m2  is managed and looked after well by 4 permanent staffs together with part-time and causal workers.

Once you have become a member of IGA, access to affordable technology, programs together with partnerships with the top consumer packaged goods manufacturers and service providers will become available.  This includes marketing & merchandising, digital circulars & local advertising, retail media network, shopper & employee feedback programs, cyber security protection, sustainability program and much more.

This is a great opportunity to become a member of ever growing retail business chain.

Opening hours

7 days/week

6 am to 8 pm/daily

Key points:

·       Size of premises: approximately 900 m2

·       Lease: current to 31 May 2029 with option of 2 x 5 years

·       Current monthly rent: $22,625.71 including GST

·       Staffing: Four full-time, five part-time and two casual staffs

·       Total sales for the financial year 2023: $3,900,000

·       Net profit before income tax for the financial year 2023: $360,000

 

Asking price: $750,000 + SAV ($300,000 – estimate)

For further information about this business, please complete the Purchaser Registration and Confidentiality Agreement by clicking Forms/Business on www.xxxxx: or

Please call Jennifer on xxxxx

(The image used is for display purposes only and does not reflect the business advertised for sale.)

 

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