An outstanding investment opportunity has become available with the sale of a highly profitable grocery store, newsagency, lotto business located in the bustling region of Townsville. This well-established business has been under the current ownership for over 24 years, demonstrating its solid reputation, reliable income stream, and unwavering position in the local community. The owners are now seeking a new proprietor as they prepare for retirement, offering a rare chance to take over a turnkey operation with a proven track record.
Business Highlights:
1. This business generates an annual turnover of over $4 million, showcasing its strong and stable revenue. The business is priced attractively to facilitate a quick sale, offering excellent value for a buyer ready to take over a flourishing enterprise.
2. Situated in a high-traffic area of Townsville, the business benefits from consistent customer visits due to its strategic positioning and accessibility. It serves as a trusted hub for the local community, drawing in both regulars and new clientele.
3. The premises are leased under a 5 + 5 year agreement, ensuring stability for years to come. The rent is set at an affordable $849.38 per week, allowing for substantial profitability and financial flexibility.
4. The business is equipped with a large walk-in cool room, offering ample storage space that supports the sale of perishable items and enhances operational efficiency. This feature is particularly valuable for maintaining product quality and meeting customer expectations.
5. The business benefits from a multi-faceted revenue model, combining grocery sales, newsagency services, and lotto ticket sales. This diversification has proven to be a significant advantage, especially in maintaining steady cash flow through varying economic conditions.
6. With over two decades of service, the business has become a fixture in the community. Its loyal customer base, combined with the high level of service and product range, contributes to its long-term success.
This is a rare chance to own a highly profitable business that has been a staple in Townsville for decades. With the current low rent and a secure lease term, you can step into a well-oiled operation and reap the benefits of its solid income and established community presence. Don't miss out on this exceptional opportunity - contact us today to schedule a viewing and receive further details.
Property Overview
Property Id:
1P6239
Under Offer:
No
Price:
Leasehold $549,000
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Sumit Aneja
Business Broker - Victoria & New South Wales #J-18808-Ljbffr