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Retail Business in Glenroy Melbourne VIC

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Middle Eastern Supermarket

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Location:Glenroy, Melbourne, Victoria

Category:Retail

Asking Price:$260,000

260000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Middle Eastern Supermarket
  • Middle Eastern Supermarket
  • Middle Eastern Supermarket
  • Middle Eastern Supermarket
  • Middle Eastern Supermarket

Business description

Well established, busy, easy, and great value supermarket located in northern suburbs of Melbourne.

Price $260,000 + SAV

Features of this opportunity include:



- Premium location with 3 shop fronts on the main road

- Trading Hours: 7 days Mon-Sun 9:00am-8:00pm

- Lots of regular loyal clientele of all ethnical back grounds

- Selling all middle eastern, Afghani, Iranian, Indian, Pakistani, Sri Lankan grocery including Cutlery, Crockery, Linen, Glass ware and Carpets.

- Successful business with plenty of room to grow

- Sales $ 1million per annum Approximately

- Profit Margin 25% to 45% on Most of the Products

- Flexible lease with very low rent of $1100 Per Week

- Strong return on investment

- No direct competition from big players within close proximity

- Surrounded by strong multiculture family community

- Entrenched in the area with reputation for quality and price

- All equipment like fridges, shelving, registers, etc fully owned and included

- Vendor Finance is available for approved and qualified purchasers Conditions apply

For more information and to arrange an inspection upon completion of confidentiality agreement, please contact-

Aviral Aggarwal on [Phone Number Censored]

or

Email: [Email Censored]

***** Exclusively Listed with Oxbridge Property Group*****

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.

Other Information

  • Selling Assets: Everything in the shop
  • Is Business Relocatable?: No
  • Is Business Home Based?: No
  • Years Established: 2016
  • Employees: 4
  • Trading Hours: 9:00 - 8:00
  • Support Training: Training will be provided by the owner
  • Reason For Selling: NA
Oxbridge
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