Price Range: from $200 to $2,500,000
Land Area Range: from 10 m2 to 1,000 m2
Other Features
  • 1 month ago
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Fruit & Vegetable Market for Sale in Southwest Chinese Community|Profitable and Stable – ROI Within One Year

$380,000

Description

Sale Price: $380,000 + Stock

Business Overview:

This Chinese supermarket is located in the heart of a major Chinese community in Sydney’s Southwest. It is positioned in a prime location with convenient transport, within walking distance to the train station and main shopping street.

The shop has a well-proportioned floor area, smart layout, and a wide range of products. Main offerings include fresh fruit and vegetables, along with frozen foods, condiments, dry goods, and everyday household essentials. The store is highly popular with both local residents and the Chinese community.

Given the customer base and product range, the business would be an excellent fit for a buyer with an Asian background or experience in Asian retail.

 

Lease Details:

  • Lease term: 15 April 2024-14 April 2029
  • Annual rent increase: 4%
  • Floor area: Approx. 220 sqm, including indoor retail area, office, and storeroom
  • Current monthly rent: $5,899.06 + GST
  • Outdoor stall council fee: $108.85 + GST
  • Landlord pays council rates and water charges
  • Bank Guarantee: 2 months’ rent + outgoings, corporate guarantee required

Financials:

  • Annual turnover: approx. $2.35 million
  • Gross profit margin: nearly 31%
  • Owner’s profit in FY2024: approx. $350,000

Staff:

  • 1 store manager (currently run by the owner)
  • 1 full-time stock handler + 1 full-time cashier + 1 contract driver
  • Lean team structure, staff are experienced and can stay on with the business.

Reason for Sale:

  • Owner is retiring.

Overview

  • Address Campsie
  • Country Australia

Details

  • Property ID 201
  • Price $380,000
  • Property Type
  • Property Status

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Fruit & Vegetable Market for Sale in Southwest Chinese Community|Profitable and  Stable – ROI Within One Year

Golden Li

Senior Business Advisor