Retail store for sale, Gold Coast QLD

About the business

Specialist niche IGA supermarket established 20 years with average weekly revenue of $61,000 and healthy gross profit of 31 percent. Located on Gold Coast with 400 square metre shopfront and stock room. Successfully tailored product mix to market needs including fresh daily paninis, rolls and bagels, barista coffee, freshly squeezed juices and range of ready-made convenience meals. Semi-managed operation serving time-poor customers seeking convenience.

Additional income streams from Lotto outlet and ATM services. Return on investment at 36 percent with significant growth potential from 800-plus apartments under development within walking distance. Lease seven years remaining at affordable $15,824 monthly rent plus GST. Proven customer demand in growing residential area with opportunity to expand prepared foods and beverage offerings.

What transfers with the sale

• Goodwill
• Plant and equipment
• Takeaway/food preparation equipment
• Lotto and ATM services
• Stock

Day to day

Premises

Leasehold with 7 years remaining

Staff

Semi-managed