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Privately Owned Retail Liquor Store and Freehold - Esta...

Business for Sale
Zetland NSW

Business Headline : Privately Owned Retail Liquor Store and Freehold - Established 9 Years With One Owner - Metres from Green Square Urban Renewal Development Zetland

Price $350,000

Privately Owned Retail Liquor Store and Freehold - Established 9 Years With One Owner - Metres from Green Square Urban Renewal Development Zetland

Stock Included:
Stock Value:
Years Est:
Gross Revenue:

Business Headline : Privately Owned Retail Liquor Store and Freehold - Established 9 Years With One Owner - Metres from Green Square Urban Renewal Development Zetland

Price : $350,000

Category : Food/Hospitality, Retail, Alcohol/Liquor, Food/Beverage, Retailer

The opportunity presented is a long established, semi managed and operated, privately owned liquor store with freehold. Located in the heart of one of Australia\'s most dense population per m2, with many residential towers and urban renewal projects current under development.

The closest development (across adjoining road) to the property/business is \"Green Square\" a $13Billion, 278-hectare urban renewal area with 30,500 new residential dwellings. 

The property and business have a high level of street presence and ease of accessibility for local residents, passers-by, BYO restaurant patrons and other members of the community. 

PLEASE NOTE - Financial Statements are underway for the entirety of FY 2017/18 and will be made available by mid-July 2018

Product Offering

  • Fine Red & White Wines
  • Beer - Local & Imported
  • Spirits - Standard and Top Shelf
  • Cured Meats, Cheese, High Quality Snacks and Desserts
  • Cigars 
  • Ice
  • Party Decorations
  • Gift Items, Wrapping, Bags and Cards

Summary

  • Property and Business to be sold together
  • Business Averages a turnover of approx. $20,000/week with an average GP of 30%
  • Asking price for business is $350,000 + SAV on top of the property acquisition price 
  • Average transaction value of $35.00
  • Highest selling products are those with the greatest GP – Wine Varieties and High-end spirits 
  • The Vendor is currently charging himself $1,400/week inc. GST rent to operate the business 
  • Business is generally run under semi-management with the need of only 1 staff member to operate the store
  • Prime dense and rapidly growing residential population
  • Metres from Green Square urban renewal project 
  • Green Square development includes 30,500 new residential dwellings 
  • Property comes with 1 serviced bathroom, 1 secure car park, in store cold and storage room 

This opportunity is ideal for an array of purchasers whom wish to operate a profitable retail business with the added value of owning the premise set for large capital return in the coming years due the to accelerated growth of Zetland. 

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4344526#enquire-now

Annual Rent : $73,000 - Weekly Rent : $1,404

Annual Turnover : $1,040,000 - Weekly Turnover : $20,000

Annual Gross Profit : $312,000 - Weekly Gross Profit : $6,000

Annual Ebit : $160,000 - Weekly Ebit : $3,077

Premise : Business owned

Lease Commencement : Mar 2017

Lease End : Feb 2022

Total Land Area : 118 Square Metres

Total Floor Area : 105 Square Metres

Total No of Parking : 1

Franchise : No

Approximate Stock Value : $70,000

Year Established : 2009

Days Trading : 7

Staff : - 1 Part Time - 3 Casual

Staff Salaries : $140,400

Reason for Sale : Vendor has Additional Business Interests in the Health Food Sector in Which He Wishes to Pursue Further

Location : Base of a Multi-Store Strata Building - Situated in Dense Residential, Retail and Hospitality Strip of Sydney's of Inner South Suburb of Zetland

Business Potential : Introduce the Sale of Cigarettes, Alcohol Delivery Service, Pursue Small Wholesale Opportunities with Local Businesses and Events

Parking Comments : 1 car - Secure Car Park for Vendor - Street Parking for Patrons

Contact Seller

Contact: Liam Hennessy
Mobile: 0431321022

Bsale ID: 192480
Agent ID: 4344526




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