About the Business

Step into an opportunity located in the heart of a charming, community-rich suburb of Brisbane. This isn't just a business; it's a personal venture, a place for someone with passion and a clear vision. This Convenience/Health Food Supermarket sits in a community-driven town, awaiting the right person to take it forward.

Vendor Finance is available for the right retailer.

Financial Insight:

Weekly Sales: $17,500
Monthly Rent: $6,566.25 + GST
Annual Rent: $102,000 plus GST PA (GROSS)
Wages: Average $2,100 per week
Goodwill Value: $350,000
Price: $350,000 (Excluding stock)

Key Considerations:

Size: 240m²
Management: Fully Managed
Lease: 5 years, with an option for 3 more sets of 5 years
Staffing: More details are available upon request.
Brand Transition: While the store won't continue under its current branding, there's potential to reshape its identity fittingly for the suburb, be it as Local IGA, Friendly Grocer, or reverting to established names like FoodWorks with approval from either Brand .

Lease Details:

Term: 6-year term starting Oct 2022
Start Date: 29/09/2022
Rental Reduction: $52,000 plus GST for the first year already completed and currently $23,050 + GST reduction for the second, distributed monthly after that.
Rent Review: Yearly, at the lesser of 3% or CPI, but not exceeding 106% of the previous year's rate.
Lease Options: 3 sets of 5 years

About the suburb in Brisbane:

A Brisbane suburb that exudes warmth and charm. Its historic streets are filled with cafes, boutique shops, and community spaces, making it vibrant and inviting. The mix of families, professionals, and long-time locals gives the suburb its unique character. Such a community environment is a perfect backdrop for a Convenience/Health Food Supermarket, assuring a loyal customer base.

Get in Touch:

If this speaks to you, let's talk. Reach out to discuss the supermarket's potential and envision its future in the heart of Brisbane. Don't miss out on this special opportunity to embark on a business journey.

Contact the exclusive broker:

Mathew Hartley
Supermarket Specialist
Benchmark Business Sales & Valuations
M: 0400 412 593
T: 1300 366 521

If you’d like to know more about this business, go to our website www.benchmarkbusiness.com.au and use the reference: bus5089 to search for the business.

Please ensure you have the necessary capital before expressing an interest in this business.
The image shown is for illustration purposes only and may not be an exact representation of the business.

Benchmark Business Sales and Valuations