Brochures

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

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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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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!

Profitable Convenience Store with Instant Scratches in Brisbane North

Confidentiality Agreement

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Property Features