NSW REGIONAL AREA WITH $5.7M T/O pa. – LONG STANDING, HIGHLY PROFITABLE & SEMI UNDER MANAGEMENT SUPERMARKET

Posted by: Henry Chow | September 16, 2024

$1,200,000 + SAV ($300,000 ball park)

Description

NSW Regional Area with $5.7m T/O PA. - Long Standing, Highly Profitable & Semi Under Management Supermarket

- Northern Rivers NSW

Short Summary

Blue Chip & Highly Profitable Supermarket established over 20 years – semi managed with excellent well-trained staff with 45% Gross Profit.

Key Selling Points

Established brand
Under Management
Cashflow Positive
Cash Cow!
Long term Management and Staff in place
Strong year to year Sales
Strong year to year Profits
Low Rent
Long Term Lease in place
High Profit Margins
Simplistic business
80% Repeat Work
Best Location
High foot traffic location
High visibility location
Proven trading through Covid
Ideal for 491 Visa

This busy local supermarket has been long serving the community and is popular with both locals and tourists in the region. The business is well established and is insanely profitable enjoying a strong reputation and customer base. It was established over 20 years and present management took over 11 years ago. This business takes pride in its fresh and contemporary approach to convenience store business while still maintaining a friendly and community-focused relationship with its customers. The supermarket stocks a wide range of quality products for the vicinity and popularity of these items has prompted a foray into building this market as a “must go destination” for the locals, the neighbouring residents and the tourists.

Averaged weekly taking is $110,000 with 7 days trading at the moment and without evening trade which is a point of growth to further increase its weekly turnover. Of the total sum of weekly income, approximately 35% generated by tobacco with a 45% Gross Profit (combined) factoring in both tobacco and general groceries.

Through the years, the business has built and maintained strong relationships with a range of suppliers and local community supports whilst having fantastic profits of netting ballpark $35,000+ weekly for owners with no direct competition. The sellers are reluctantly to offload due to family relocation reason.

Shop size is 400m with further 7 more years on the lease and a super easy landlord. Weekly rent is crazily cheap at $1,600 (inclusive O/G & GST).

There are 2 owners who work there part time alternatively supported by experienced team with 3 full time staff and 4 casual staff. The Business is set up to be efficiently managed by senior staff, affording the new owner/s a choice of how much time they spend there.

The sellers are committed to provide tuition to enable the new owner accustomed to operating the business. The training will cover all day-to-day activities and all the administration required to run the business.

This is a great business for any investor or entrepreneurs who are serious profit chasers. It is also a perfect business for the Visa applicants like the 188A applicants and particularly the 491 SBO applicants as the business is located in a regional area.

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

Asking $1,200,000 + SAV ($300,000 ball park)

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CONFIDENTIALITY AGREEMENT. Interpretation: (a) "Recipient" means the party referred to in this Confidentiality Agreement and includes all parties described in any Items Schedule and/or Contract of Sale, and/or Heads of Agreement, and/or Purchase Agreement, and/or Deed, and/or any Agreement which results in the Recipient, and/or heirs, and/or executors, and/or administrators, and/or successors and/or assigns either directly or indirectly having any consideration and/or interest in the Business and/or Property (hereinafter referred to as "Agreement"); and in the event the Recipient uses a new or related legal entity, or has a change in identity or name; or a Controller, or Liquidator, or Administrator, or Trustee, or Executor is appointed, then the Recipient shall refer to the new or related legal entity, change in identity or name, or the Controller, Liquidator, Administrator, Trustee, or Executor as the case may be. 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(3) In the event of my/our making any disclosure to any employee or third party, I/We undertake to procure that such employee or third party prior to such disclosure agree to be bound by the terms of the Confidentiality Agreement in writing prior to disclosure of the Confidential Information or any part thereof and a copy of such written acknowledgement shall be filed with the Agent immediately prior to such disclosure. (4) In the event that after consideration of the Confidential Information, I/We do not purchase or make an investment in the Business/Property, I/We will forthwith return the said Confidential Information together with any copies, notes thereof (or any part thereof) or any documents containing extracts reproduced there from made by or on behalf of us, and delete all electronic records. Furthermore, I/We will maintain the confidentiality of such information and not use the same for any purpose. 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Property Features

Real Estate Agent's

About
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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!

About
Bio
Recent Listings

Amy Wan

0498 229 813

Fluent English, Cantonese, Mandarin. Amy started her property consultancy career in 2001 and worked with a very prominent real estate agency with over 500 branches across China. During that time, she was based in Shenzhen China and was fortunately and repeatedly selected as the “best saleswoman of the year”. Amy started her own Real Estate business in 2005 and had two branches in one suburb in Shenzhen with around 30 sales persons working for her. She successfully built up the business to being one of the major players in the area with annual turnover of approx. AUD$2million. Her working philosophy is to nurture rapport with all her buyers and sellers and continuously connect with them even long after their related sales transactions are finished. Besides, she always likes to help them with non-business matters and treat them like her friends. As a result, she has successfully built up a network of connections with most of her businesses based on referrals. Amy has a deep and well connected network within the Chinese community both locally and abroad and seems to magically find buyers for every business whether it’s for her own client or one of our other team members! Amy is a highly motivated person and looks forward to helping connect you with the right results.

Henry Chow September 16, 2024 Comments Off

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NSW REGIONAL AREA WITH $5.7M T/O pa. – LONG STANDING, HIGHLY PROFITABLE & SEMI UNDER MANAGEMENT SUPERMARKET

Description

NSW Regional Area with $5.7m T/O PA. - Long Standing, Highly Profitable & Semi Under Management Supermarket

- Northern Rivers NSW

Confidentiality Agreement

Thank you!

Property Features

Real Estate Agent's

Henry Chow

Amy Wan

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