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Family Store For Sale

Cafes And Restaurants , Food, Sales below $1m

Sydney, NSW 35 Views

Asking Price $110,000 for 0 %

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SALE OR INVESTMENT DETAILS

  • Yes Finance Available (subject to approval)

Reference ID: bus778

Highlights

  • Family Store For Sale
  • Ideally situated in the heart a prominent Camden suburb
  • High profile in growing area with new estates being created
  • Offering phone orders for take away food

Executive Summary

This Convenience store/takeaway shop has an impressive turnover and is the only food outlet in one of Camden's nearby lovely suburbs. The business has a gross turnover of more than $229,000 per annum with potential for growth and expansion. We offer a ‘walk in, walk out sale’ with all listed equipment, stock with the new owner taking over the existing lease, subject to Building owner approval.


Location Details

The store is surrounded by residential dwellings in the Camden area.

Potential

The potential for growth is enormous and can include home delivery and function catering. This shop could also see new revenue streams through the introduction of food delivery services like UberEats and Menulog. The shop recently won the Camden Local Business Award for their category increasing the shop’s profile and standing in the community.


Skills

The skills required to run the store range from cooking take away foods to general management of stock and staff


Hours

The hours of the shop are 7.30am to 7.30pm Sunday to Thursday and 7.30am to 8.30pm Friday and Saturday nights.


Lease

There is an existing Lease that will expire in July 2020 with an option to re-sign for an additional 3 years. 

Employees

Currently the owner runs the shop with help from a casual employee. 1x Owner 1x Casual

Reason For Sale

It was the owner’s intention to build the business from its depleted state to a fully functioning and profitable enterprise and offer it for sale.

History

The shop is and has been an integral part of the Camden Community. As the only convenience store and fast food outlet in it's suburb, the store has a long-standing history that includes its function as a Post Office. This is reinforced by a Post Box and one of the last Phone Booths in the area on the street in front of the store.

About the Business

The shop has a turnover of more than $229,000 for the last financial year (2018-2019) with an increasing income from the natural growth of the business through the Media and Business award. The gross turnover for the first quarter of 2019-2020 financial year is $73,300. The shop was featured in local newspapers, twice in the Camden advertiser and once in the Macarthur chronicle. We offer a ‘walk in, walk out sale’ with all listed equipment, stock with the new owner taking over the existing lease, subject to Building owner approval.

Key facts about this business

- Ideally situated in the heart a prominent Camden suburb 

- Only convenience store and fast food outlet in the area 

- High profile in growing area with new estates being created in Elderslie, Spring Farm and Narellan - Easy parking in front of store 

- Offering phone orders for take away food 

- New equipment installed including freezers, fridge and solar system to reduce operating (costs (see full inventory below) - increasing turnover due to media exposure and word of mouth 

- $229,000 turnover for first year of operation (2018-2019) with increasing revenue expected for 2019-2020 as shown in first quarter statement. (Profit/Loss statements available)


For more information on this opportunity, please contact the undersigned 


FOR SALE BY VENDOR


Or


Allsales Business Consulting & Business Sales

T: 1800 858 696 E: support@allsales.net.au


Disclaimer: Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, director’s benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

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