$350,000 plus Stock at Value

Annual Sales over $1.5M, Long Established, Popular & Profitable Asian Groceries & Fresh Produce Supplier

Short Summary

Profitable Asian Grocer & produce supplier in the hub of GC excelling in retail and restaurant wholesale with fresh, farm-direct vegetables and fruits.

Key Selling Points

  • Established brand

  • Low Overheads

  • Cashflow Positive

  • Cash-based

  • Cash Cow!

  • Strong year to year Sales

  • High Profit Margins

  • Exclusive Supplier

  • No Competition

  • Preferred Supplier

  • 90% Repeat Work

  • Best Location

  • High foot traffic location

  • High visibility location

  • Large Database of Customers

This long-established Asian fruit and vegetable supplier nested in the high foot-traffic popular Asian shopping hub of Gold Coast is known for unbeatable prices and exceptional freshness, with all produce sourced directly from farms on the same day. The business serves a dedicated retail and restaurant clientele, providing over 30 varieties of Asian vegetables and 15 types of herbs essential for the local Asian community and restaurants.

While the business enjoys strong repeat customers, there is significant growth potential in expanding B2B relationships. With the right marketing and outreach, wholesale revenue could see substantial improvement. This opportunity is ideal for a new owner looking to expand an already successful venture with fresh advertising and promotional strategies.

The business was established for over 8 years and has been generating not only great profit for the owner, but also earning a strong local reputation for the business. The owner manages the business himself and has strong relationships with the suppliers farmers and the wholesale customers (local restauranteurs). The business is located in a high visibility location with annual rent roughly 10% of the yearly sales which is around $1.5M. Owner pays himself $2500 per week and after the wages, rent, Cost of Goods and Miscellaneous expenses, the business annual netting is close to $350,000.

Owner is reluctantly offloading the business against the backdrop of his retirement plan and is committed to offer education and hand-over support to the new owner.

This is a perfect business for a hardworking and money-earning chaser who is motivated to scale up an “already successful” business and to take it to the next height by expanding the B2B revenue streams.

It is also a simple business and suitable for the Visa 188A applicant who is required to purchase a reliable and easy to operate local business to fulfil his/her 188A visa applications.

Contact Henry Chow 0421040857 | Amy Wan 0498229813

Asking $350,000 plus Stock at Value

Ref. no. BUY2421

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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