Well established Deli in an exciting coastal city

Whyalla Stuart SA
Asking Price $110,000
About

 

Topz Shopz Deli for sale in the regional coastal city of Whyalla on the Eyre Peninsula, South Australia. Now is the perfect time to invest in this popular Deli, situated at the end of a small shopping complex with Harris Scarfe being the major tenant.
Whyalla has a very exciting future with the recent announcement of Whyalla's Liberty Steel signing a $292 million dollar contract to provide the steel for the Inland Rail Project. Whyalla will also be the location for a $593 million Hydrogen Power Station. It has never been a better time to invest in a business in Whyalla. Already future investors in Whyalla are buying real estate/housing with most homes being sold in just a few days....they already know the potential.
John and Lise Lawson have owned the business for the past 14 and a half years and would now like to retire, hence the reason for selling. The Deli is very popular right across the regional city for its great food and friendly service. John and Lise employ eight very loyal and hard working staff, many of them have been with them long term. This well established Deli has been in operation over 25 years. Customers are local to the area around the Deli, the many tradies/workmen that are working in the vicinity, staff from businesses around the area, workers passing through on their way to the mines and the many tourists that pass through. Since Covid-19 hit, the Deli has been busier than ever with the commencement of a delivery service.
The Topz Shopz Deli is 232 square metres, which gives it plenty of space to be able to sell take-away food, cigarettes, grocery lines, papers and magazines, drinks and ice, as well as a small dining room. It also has a 14.5 square metre (inside measurements), 3 phase, 6 door cool room. The majority of the plant and equipment has been replaced since John and Lise have owned the Deli, including a huge sandwich bar, cake fridge, Turbofan oven (replaced December 2021) chocolate fridge, upright freezer, coffee machine, main sub-board, cool room motor and air conditioner. At present it is open 8am till 8 pm, 7 days/week, operating with 2-3 people at a time. Parking is a breeze due to the large car park at the front of the shopping centre.
John and Lise bought the business in 2007, the lease was signed as a 5x5 year option and since then, a new 2x2 year lease has been signed. At present the lease expires 31st August, 2023. The new terms of the lease will be up to the new owners. Gross turnover last financial year was 1,338,000, with room for expansion and diversity. Due to there being a driveway beside the Deli, it can be transformed into a drive-through. The shop next door to the Deli is currently not leased which can enable a prospective buyer to expand even more. At a heavily reduced price (originally 195k), this Deli will sell quickly. 

John and Lise will be sad to sell the Deli but are excited for the next stage of their lives.
Facebook: Topz Shopz Deli Whyalla
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Contact this seller
Client No: W1539478168 Seller prefers initial contact via email Private sale, no contact by agents or marketers please.
Contact this seller
Client No: W1539478168 Seller prefers initial contact via email Private sale, no contact by agents or marketers please.

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