Sold $150,000

Profitable Convenience Store with Instant Scratches in Brisbane North

Short Summary

Profitable convenience store with super cheap rent located in North Brisbane selling good range of tobacco lines & instant scratches & hot food etc.

Key Selling Points

  • Established 50 Years Convenience Store

  • As close to Passive Income as you can get!

  • Cash Cow!

  • Long term Management and Staff in place

  • Strong year to year Sales

  • 80% Repeat Work

  • Best Location

This well established & profitable convenience store has been successfully running for 50 years in north Brisbane suburb selling good range of tobacco lines, drinks, confectionary, coffee, hot food, instant scratches, gift items, ice cream etc.

Lottery can be easily added to increase sales as there is no lotto competition in the area.

The shop is situated in a good neighbourhood location. It is perfectly suitable for visa 188a applicant & presently is managed by the owner (part time) plus casual Staff. Annual revenue is over $1M & net profit is over $200k (including owner’s salary).

Shop size of 80M with annual rent merely $16K & lease of 3×3 from 2021.

150,000 + SAV ($30,000) [SEMI UNDER MANAGEMENT]
or $180,000 WIWO (including SAV)

Owner will take cheaper WIWO offer.

Contact Henry Chow 0421 040 857 | Amy Wan 0498 229 813

Asking $150,000 + SAV ($30,000) [SEMI UNDER MANAGEMENT]
or $180,000 WIWO (including SAV)

Ref. no. BUY2215

DISCLAIMER:
The information contained in this advertisement and any other material provided in connection with the sale of this business has been supplied by the seller and other sources deemed reliable. While every care has been taken to verify the accuracy of the information, Business Classifieds Pty Ltd ATF Business Classifieds Trust and its agents make no representations or warranties (express or implied) as to the accuracy, completeness, or currency of the information provided.

Prospective purchasers must make their own independent enquiries, investigations, and assessments and should seek professional advice from their accountant, solicitor, and/or other relevant advisors.

No reliance should be placed on any statement, forecast, or representation as to future matters, including profitability, performance, or growth potential, which are inherently subject to business, market, and economic risks.

Business Classifieds Pty Ltd ATF Business Classifieds Trust and its representatives do not accept liability for any loss, cost, or damage arising directly or indirectly from any decision made based on the information provided.

This advertisement and any other material provided in connection with the sale of this business does not constitute legal, financial, or business advice and is not a substitute for a full due diligence investigation. The sale of this business is subject to contract and the final approval of the seller.

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    Property Features
    Henry Chow
    0421 040 857
    Fluent English, Cantonese, Mandarin. Henry was the sole founder of CarrierNet Corporation which was merged into the Ariane Group in 2006 and listed on the Singapore Exchange. The Company was renamed as CarrietNet Global Limited in 2008. Henry has completed transactions in many countries including Australia, China, Hong Kong, Taiwan, Japan, USA, Indonesia, Philippines, Korea, Pakistan, Zambia, Nigeria, South Africa, India, Nepal, Laos, Cambodia, Vietnam, Dubai, Kyrgyzstan, Kazakhstan, Singapore and Thailand. The aggregate transaction size of all the deals that Henry has worked on exceeds US$100 million. Henry has built strong relationships with a large number of relevant business people and organizations in many Asian countries. He has also developed an intimate understanding of how business is conducted in these countries. From 2001 to 2010, he was then Chief Executive Director of CarrierNet where he led the products, sales, business development and commercial operations of the business. Through a successful merger and acquisition transaction, CarrierNet was renamed as CarrierNet Global Limited, listed on the CATALST board of the Singapore Stock Exchange in February 2008. Henry was appointed as the Chief Executive Officer and Executive Director of CarrierNet Global Limited where he was primarily responsible for driving the Group’s vision, growth and profitability, and held a key role in executing the business plan, driving sales performance and building strategic alliances. From 2011 onwards, Henry acts as the Chairman and Executive Director of Cacola International Furniture Limited which is a Singaporean Main Board listed company and he was responsible for charting and implementing new business strategies and setting an innovative direction for the future of the Group. Henry has years of experience in capital markets, finance and information technology industries through his works at ANZ Bank, National Australia Bank, Hong Kong Telecom, Sterling Commerce, South China Group, Indonesian based PT. Atlasat Solusindo Group, CarrierNet Corporation Limited, Primax Investment and Capital Limited. Henry was one of the founding directors of the Indonesian PT. Atlasat Solusindo Group and he founded Hong Kong based CarrierNet Corp. Limited in 2001, a licensed telecom and IP based carrier offering discounted niche routes to global markets. Henry graduated from the University of Minnesota with a Bachelor of Computer Science degree. Henry is heads and shoulders above the rest when it comes to selling within the Asian community both locally and abroad!
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