Kingscliff, New South Wales 2487

UNDER CONTRACT - Southern Gold Coast - Northern NSW Supermarket for Sale

Under Offer | Under Contract / Offer

Supermarket

This is a rare opportunity to secure this beautifully presented Supermarket. Operating without the owner onsite for more than two hours per week. Sales for 2020/2021 came in at $3,807,920.06 exclusive of GST. This really is a blue chip opportunity as the owner lives more than two hours away and has invested in a new business which has resulted in this asset being available to purchase. The store is approximately 520 m2 and $1.5 million was spent when last refitted. The refrigeration, floors, walls, and displays present immaculately. When looking at supermarkets the rent & lease details are of great importance. Current term until Dec 2025 + 2 x 5 year options. Rent currently $9,806.50 including all outgoings and GST. Rent increases p.a. CPI or 3% whichever the lesser. Rent reviews fixed at CPI. First right of refusal to purchase the freehold for the duration of the lease.

Average EBITDA / Net profit for the last 3 years at $335,993.88
Plant & Equipment at fair market value approximately $1,033,290.00.
Positioned in one of the fastest growing areas of Australia and a beautiful place to live.
This business will sell fast don't delay very good investment opportunity one of the best I have seen.

Asking $1,100,000 plus stock at value approximately $180,000

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Dru Morgan



Marketing By


Dru Morgan

Business Brokers Network

Overview

This Supermarket Business is one of 11 businesses for sale in Northern NSW, New South Wales, and one of 13 Supermarket Businesses in this region that a business for sale currently has on offer. This Supermarket Business is for sale in Northern NSW for the asking price of Under Contract / Offer and has been on market for less than 3 months.