Profitable Rare Supermarket South Hobart Leasehold Turnover $55K Weekly Part Management Well Run

We are excited to offer a rare opportunity to purchase an independent supermarket in a well-established inner-suburban neighbourhood shopping precinct with a strong local catchment.

Close to Hobart CBD yet away from the hustle and bustle of the city, this is a well-positioned business serving a loyal local community as well as customers passing through the area, including tourists.

Established for more than 50 years, this business is a much-loved local go to store and has become an important part of the South Hobart community.

The current owners have streamlined and improved the business to the level it operates at today. Due to the owner's health, the business is now operating successfully without the owner being present in the store on most occasions. Current owner's involvement is approximately 1520 hours per week, mainly performing managerial duties.

The store has been fully refurbished within the last five years, including brand-new flooring, lighting and state-of-the-art equipment. There is currently no aspect of the store requiring capital expenditure, allowing a new owner to take over and continue operating without the need for immediate major investment.

Revenue is generated from a diverse range of product lines including fresh fruit and vegetables, meat, bakery items, boxed ready-to-eat meals, hot drinks, cigarettes and much more.

If you are looking to purchase a business while enjoying the benefits of a good Tasmanian lifestyle, then look no further. The store is within walking distance of a primary school, hospital, bars, restaurants and the everyday amenities needed for a family.

Optional accommodation is also available with the business a four-bedroom apartment with views towards Mt Wellington, available for only $400 + outgoings per week. This could be utilised by the new owners or their manager.

The business is currently operated by experienced staff, with one team member having been with the business for more than 20 years.

The fully approved commercial kitchen provides an excellent opportunity for a new owner to diversify into catering or expand the range of multi-cuisine boxed meals. There is potential for further growth.

Key Features:

Strong and loyal local customer base

Fully approved commercial kitchen

Opportunity to expand catering and ready-to-eat meal offerings

New POS system included and ready to be installed

Solar-powered store

Trading 7am8pm

Long lease secured until March 2040

Reported ROI Approx. 42.92% Under Part-Management

Further savings and improved returns possible with full-time owner operation

This is a genuine opportunity to acquire a long-established, well-known South Hobart business with experienced staff, a long lease, modern infrastructure and further potential for growth.

Business Broker or Praveen Pant

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE PROPERTY AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. Please Note: All figures quoted are approximate.