Reference No: 117-NSW09633

Convenience and Grocery
Randwick NSW

Price: $380,000

Busy Convenience Tobacconist Next To Station, Inner Sydney For Sale



Very busy convenience store next railway station, under residential apartments and continuous foot traffic.

Opening hours 5.30AM to 9PM. Saturday 6.30PAM to 9PM and Sunday 10AM to 8PM.

Currently Under Management, but owner operated will make more.

Features.

ATM on site.

Continuous foot traffic.

All equipment in place and working fine.

Week days are busy.

Railway station, hence busy area.

Convenience store and tobacconist.

No Competition.

Employees would stay back.

Lease for 5 years plus 5 years.

Revenue

Weekly revenue over $25,000 to $26000.

Rent is Just $1175/week.

GP: 22%

Full training and pass on all contracts to new purchaser.

Very good opportunity for owner operated, asking price is $380,000 plus SAV.

Weekly net profit for owner approximately $3000 (under management).

Potential

Can add Lotto, as no Lotto around.

Can add hot foods.

Can add photocopy and printer.

Can add money transfers.

Can add canned meat and fish currently none and customer demanding for it.

Before Covid-19 revenue was $40,000/week

Cost to Acquire the business.

$380,000.00 Business.

$15,275.00 Rental Bond (3 months).

$one month rent in advance $5087.

Stock at valuation: $60,000 plus or Minus 10%

Please Contact:

Broker: Gilraj Venkatappa.

Phone: 040174... (click to show)

Email: (click to show email)

Listing Number: NSW09633

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Price: $380,000
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Contact: Gilraj Venkatappa
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