Reference No: 6560199

Convenience and Grocery
WYALLA QLD

Price: $1,100,000

Convenience Store “Friendly Grocer” in Wyalla Plaza – QLD For Sale

Business ID: BS147402

Under Management, FY 21 $354k Profit, and $100k Weekly Turnover - Asking Price $ 1,100,000

Located in Toowoomba, the store is located in a small shopping village. The Store is offering a bespoke range of items suiting the nearby demographics. This store is fully under management and requires no input whatsoever from the owner. Looking for constant floor space optimisation, the store has been consistently performing and improving year on year.

-Store existing for over 20 years
-Under Management
-FY 21 – Profits of $354,000
-FY 21 – Turnover of $5,100,000
-FY 21 – over 32% return on investment to owners
-Fantastic partnership with Metcash
-Great analytics and reports offered by Operations Management Software
-Offering a review of sales analytics
-Immediate correction of line items if needed
-Floorspace optimization
-Replacement of services if underperforming
-PDA software for stock management and ordering
-All marketing, discounts and rebates managed by Metcash and Software Solutions
-All internal procedures are in place
-Optimized stores rosters
-All local supplier relationships are in place
-Streamlined payroll thanks to shifting optimization
-Procedures in place for restocking and deliveries
-All assets, flooring, shelving, fridges are in good working condition

The owners are offering one month of training part of the sale and another two months at an agreed hourly rate.

This business is ideal for a newcomer into convenience stores but also for an existing retail store owner looking for additional locations. Offering a strong yearly $354k return, the business is run under full management. Technology and convenience have been successfully coupled, enabling the stores to attract a whole different kind of demographics while keeping their loyal customer base. All set for new owners to reap the benefits harvested over the last few years.

Asking Price: $1,100,000k + Stock inclusive of assets
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Price: $1,100,000
Xcllusive Business Sales
Address:
G14, 1-15 Barr Street,
BALMAIN, NSW, 2041

Contact: Xcllusive Business Sales
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