*SOLD* NEED MORE. IGA Supermarket with Liquor for Sale in Melbourne

Summary

Business for Sale in Victoria - IGA Supermarket For Sale in Melbourne Metro
VERY LOW RENT
GROWING SALES
ESSENTIAL COVID PROOF BUSINESS
Many Australian businesses have been affected by COVID-related lock down, but supermarkets are generally well-run because they are classified as essential businesses. As a result, supermarkets in Australia and many other countries have become desirable businesses for owners, operators and investors. This supermarket is no exception and is experiencing rapid sales growth. However, even after Victoria's COVID lock down was lifted in November 2021, sales continued to grow, which is a big difference for this supermarket. This business, coupled with year-over-year sales growth, ultra-low rents, and long-term leasing, makes it very attractive for strong future profitability. It is very rare for a supermarket to have all three components..

* Sales July 2021 to March 2022 ~$3.36M Inc GST
* 38.25 % YOY Sales growth (FY 19-20 to FY 20-21), sales continues to grow into FY 21-22.
* Super Low Rent, below 2% of average takings
* Long secured lease
* Top location, ample free parking
* Fully equipped
* Loyal clientele
* Suitable for owner operators or investors alike
* Easy manage business
* Plenty of free parking available
* Business is suitable for 188 Business Visa holders
* ONLY SERIOUS GENUINE BUYERS TO QUERY
* Asking $1,500,000 ONO + Stock At Valuation (Appx $280K )

***EXCLUSIVELY LISTED WITH NETWORK INFINITY*****

For more information
please contact Sam on

0427 836 110

Disclaimer The financial information and statements relating to the above business has been prepared based solely on the information supplied by the vendor to Network Infinity and therefore Network Infinity does not guarantee the accuracy of such statements and financial information. Network Infinity will not be liable for such statements and financial information. Network Infinity strongly recommends all prospective buyers to this business to seek its own independent accounting, legal and financial advice and conducts its own due diligence of the business. Image used only for illustrative purpose to protect seller's privacy. It is in no way representative of the actual business or it's products.

$1,500,000

Food/Hospitality

Supermarket

Get More Information About This Business