Cash is King Asian Supermarket at Busy Junction

Sold - Gold Coast QLD

Short Summary

This supermarket makes money week after week without trying!

Key Selling Points

• Recession proof
• Low Rent, long lease
• Simplistic business
• No Direct Competition
• High foot traffic location
• Hold liquor License & Food license
• Suitable for Immigration Visa 188A & 491 applicant 
• Well established equipment and free pos system forever

Potential strength

Improve Marketing: 

Take advantage of social media like Facebook, Tiktok, etc to promote. Currently don’t have any account. Network with surrounding schools. 

One of the busiest intersections on the Gold Coast and anchored by major brands and 6 schools. 

200m2, with separate cool room and office

Lease until 2028 with 3+3 option, 2.5% increase

Weekly sale around $18,000, rent $1,281/w + GST includes water, marketing, outgoing. 

High quality equipments – storage, surveillance system, bubble tea making, air conditioning etc. 

License to sell liquor and make beverages. 

Can show Net Profit $146,170pa to working Owner.

Price Reduced for a quick sale $158,000 plus stock $140k

Price includes $150k worth of Equipment

For Sale by Owner

Yue  yuyue005@hotmail.com
0433267466

Ref. no. BUY2360

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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CONFIDENTIALITY & NON-CIRCUMVENTION AGREEMENT. Parties: This Agreement is made between Business Classifieds Pty Ltd (ACN 130 005 426) ATF Business Classifieds Trust ("the Agent"), and The undersigned recipient ("the Recipient"). (1) Interpretation: For the purposes of this Agreement: "Business/Property" means the business and/or assets and/or property referred to by the Agent and/or described in any document, advertisement, memorandum, or agreement provided by the Agent. "Confidential Information" means all information, documents, data, forecasts, statements, and material (whether written, verbal, or electronic) disclosed by the Agent or the Seller in connection with the Business/Property, excluding information which is in the public domain other than through a breach of this Agreement. "Seller" means the party who owns or controls the Business/Property, and includes their heirs, executors, administrators, successors, assigns, or any related entity. "Recipient" means the individual or entity receiving Confidential Information, and includes its officers, employees, advisors, agents, representatives, successors, and assigns. Words denoting the singular include the plural and vice versa. Obligations bind parties jointly and severally. (2) Confidentiality Obligations: The Recipient agrees: (a) to keep all Confidential Information strictly confidential; (b) not to disclose any Confidential Information to any person without the prior written consent of the Agent, except to professional advisors (lawyers, accountants, or financiers) who require such information for the purpose of assessing the Business, provided such advisors are also bound by equivalent confidentiality obligations; and (c) to return or permanently delete all Confidential Information, including any copies, notes, or electronic records, upon request or immediately upon the Recipient electing not to proceed with the acquisition of the Business. (3) Non-Circumvention & Commission Protection: (a) The Recipient acknowledges that the Agent is the introducing party and the effective cause of all dealings with the Seller, (b) The Recipient agrees not to approach the Seller, directly or indirectly, or attempt to negotiate, purchase, lease, invest in, or otherwise acquire any interest in the Business/Property, except through the Agent, unless otherwise agreed in writing by the Agent, (c) The Recipient must not: (i) bypass, avoid, or circumvent the Agent in any dealings with the Seller; (ii) assist any other party to do so; or (iii) take any action that interferes with or diminishes the Agent's entitlement to commission, (d) If the Recipient, or any related entity, nominee, associate, or advisor of the Recipient, acquires any interest in the Business/Property, whether directly or indirectly, the Recipient agrees the Agent is deemed to be the effective cause of the transaction and the Agent's full commission is payable by the Seller in accordance with their agency agreement, (e) If the Recipient is found to have breached this clause, the Recipient agrees to indemnify the Agent against any loss, commission, costs, or damages suffered as a result of such breach.*

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In accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the Agent is required by law to verify the identity of all parties before providing services, and cannot proceed until satisfactory identity documents have been received. The Recipient must upload clear, legible photographs of FRONT OF PHOTO ID — showing full name, date of birth, photo, and document number (e.g. driver's licence or passport).*

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In accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the Agent is required by law to verify the identity of all parties before providing services, and cannot proceed until satisfactory identity documents have been received. The Recipient must upload clear, legible photographs of BACK OF PHOTO ID — showing additional details (e.g. residential address).*

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In accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), the Agent is required by law to verify the identity of all parties before providing services, and cannot proceed until satisfactory identity documents have been received. The Recipient must upload clear, legible photographs of SELFIE HOLDING YOUR PHOTO ID — the Recipient and Photo ID must be clearly visible alongside each other in a single photograph taken in good lighting.*

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all information provided above is true, accurate, and complete;

funds used in this acquisition are from a legitimate source and do not involve proceeds of crime; and

the Recipient will promptly provide any additional identity or source of funds documentation reasonably requested by the Agent.

the Agent may decline to provide services if satisfactory due diligence cannot be completed, and is prohibited by law from disclosing the filing of any Suspicious Matter Report (SMR) with AUSTRAC.

Privacy Consent & Collection Notice: Before signing this Agreement, the Recipient is advised that the Agent will collect personal information from the Recipient, including identity documents, source of funds information, and related data ("Personal Information"), for the following purposes: (1) verifying the Recipient's identity in accordance with the Agent's obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth); (2) assessing the Recipient's suitability as a prospective purchaser; and (3) disclosing information to AUSTRAC or other regulatory authorities where required by law. The Recipient has the right to access and correct their Personal Information by contacting the Agent. The Agent's Privacy Policy is available at https://goldcoastbusinessbrokers.com.au/privacy-statement/. By signing below, the Recipient expressly consents to the collection, use, storage, and disclosure of their Personal Information for the purposes set out above.*

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