GLEN WAVERLEY, MIXED GROCERIES BUSINESS

A unique opportunity to secure an established retail groceries business in the heart of the Melbourne East Chinese Community with significant development potential and multiple income streams.

 

Price

$995,000 pa + SAV

Revenue

$2,500,000 pa

Rent

$100,000 pa

Expense

$1,930,000 pa

Net Profit

$470,000 pa

About the business

Fresh fruit, vegetables, continental groceries, and household supplies represent its core trading activities. Over 1,000 metres under roofline, with 400 square metres front of house and potential to sub let another 300 square metres for development of Asian Groceries Supermarket. As a bonus, onsite is a 3 bedroom brick veneer family home that can be utilised for owners personal use free of charge, or can be rented out privately. The business is situated on 8 acres of farm orchard and with more than 1,000 mature apple and pear trees, is ready for tender and next seasons harvest. Other development potential can include the establishment of an onsite caferteria or host to market trading fair, cultural events and festiviies, STCA.

New investment in coolrooms, airconditioning, warehouse partitioning, display freezers and and point of sale hardware and software enables an easier transiton for a new investor.

Existing website, online ordering and business brands are included. A carefully constructed business plan documenting how the business can be taken to the next level opens the door for skilled migration applicants into Australia.

Stock, Business Plant and Equipment approximate $470,000 to $500,000 and includes

  • Groceries on Hand
  • Wedderburn Scales system
  • John Deere Tractor
  • Fork Lift
  • Silverchef – Refrigerators
  • Timber Shop Fittings
  • Cool Rooms x 2
  • Heating & Cooling
  • Point of Sale Cash Registers

Net Profit approximates $470,000 per annum before owners fair salaries.

Hours

Tuesday to Sunday 9:00am to 5:30pm

Lease

Lease, 14 years , substantially below market, ony $100000 pa with potential to sublet.
Shop under 1000 sqm plus 8 acres

Employees

9 part time, 3 full time

Potential

Asian Groceries Supermarket, Market Gardens, and Cultural and Variety Fairs are just some of the development opportunities that can compliment the existing business of retail fresh fruit, vegetables and continental groceries trading.

The business is situated on 8 acres fruit orchard, with more than 1,000 mature apple and pear tress ready for next seasons harvesting.

Requirement Skills

Agribusiness, fruit orchard farming, customer servcice, retail trading are some key fundamental skills required to operate and further develop the business. Entreprenurial talent aligned with multi-cultural awareness and consumer demand, can see this business develop into an iconic stop over on the area where more than 200,000 residence and daily passing traffic are key to its sustainability.

Reason for Sale

Existing owners and ther immediate extended family been in agribusiness industry and retail trade for more than 40 years, and seeking to retire. Owners will support a new investor manage the operation for an agreed period of three months.

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