Brochures

$295,000

Fully Managed & Profitable Independent Supermarket with LOTTO in South-Western Suburb of Brisbane

Short Summary

Under Management supermarket with Golden Casket – a profitable thriving business in a prime location offering diverse range of services & products.

Key Selling Points

Established brand
Under Management
Cashflow Positive
Cash-based
Non-hands on Owner
Long term Management and Staff in place
Strong year to year Profits
Low Rent
Simplistic business
80% Repeat Work
Best Location
High foot traffic location
High visibility location

An under management & profitable supermarket nested in an outstanding location situated on a busy main road with high visibility and foot traffic. This supermarket was established long time and has been the “must go” destination for all the local residents.

This business has Golden Casket (LOTTO) which generates close to $50,000 pa. in commission. The premise is located in a small, single level, neighbourhood outdoor shopping complex which is surrounded by plenty of carparks.

This business has been there for long time and present owner took over in 2022. The business is continuing to be a consistent performer for the owner who is supported by a full time manager and a team of dedicated and experienced staff. It is an independent supermarket and grocery store serving the local communities and supporting the grassroots charities and local community groups from the local areas. With such a sizeable store, the rent is reasonably cheap at around $1,800 per week (inclusive GST & O/G) with a very friendly and supportive landlord.

Averaged income per week is averaged at $17,000 including cash and after payment the costs of goods, rent, wages and misc. expenses, the owner has a remunerative passive income of close to $220,000 pa. The owner is reluctantly to offload but due to overseas relocation. He is committed to offer a smoothest handover and a post settlement tuition for the buyer.

This business is awaiting the next up and coming retailer ready to take it to the next level or continue as is under management. It is also perfectly suitable for 188A visa applicants or any husband/wife team with motivation to make money.

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

Asking $295,000

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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!

Fully Managed & Profitable Independent Supermarket with LOTTO in South-Western Suburb of Brisbane

Confidentiality Agreement

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Property Features