UNDER OFFER - Foodworks Supermarket - Grocery and Liquor Store – Geelong, VIC
Geelong VIC
Last asking price $139,000
Sold May 2023
Food & Drink, Food & Drink, Food & Drink
Business ID: BS153114
Turnover: $640k - ROI approx. 20% - No Competition
Easily run by an Owner-Operator or Manager with P/T staff, Foodworks Geelong is a solid investment with growth potential in an expanding location.
The new owner will benefit from the many new Hotels and Residential Developments springing up within 200mof this business – plus the group buying and marketing power of Foodworks.
Business Highlights:
- Very well-known Local Store – Loyal customer base
- Extended from Liquor Store to Foodworks business in 2017
- Premises approx. 300sqm - Large floor space &storeroom area
- Central Geelong location – Only Grocery & Liquor store in the area
- Marketed through Social Media & weekly Foodworks Group promotions
- Customers include Locals, Tourists, Visitors
- Trading hours can be extended into the evening - Liquor License permission till 11 pm
- Total Asset Value$210k including stock
- 2 weeks’ vendor assistance provided to new owner
With its long lease and prime position, the premises have the space and potential to develop new product lines or a small takeaway.
Geelong is home to the largest greenfield planning project in regional Victoria – set to welcome around 110,000 new residents.
This regional city has experienced unprecedented growth, attracting many new services, developments and investors.
Price:$139,000 + SAV + GST if any
Property Code: 3218