Convenience Store – Townsville

AU$650,000
June 14, 2017

Description

Business Overview
This very popular convenience store has been established in Townsville for over 30 years and owned by the vendors for 10 years. It is located on a busy main road with excellent street frontage. In addition to a wide range of grocery items, the business also sells:

  • Cigarettes and tobacco
  • Instant scratch its
  • Fruit and vegetables
  • Hot pies, hot dogs, fresh sandwiches, etc
  • Papers
  • Magazines
  • Greeting cards
  • ATM machine

The 158m2 premises have ample parking in front of and to the rear of the building. The exterior has recently had a new paint job and light up signage added.

Staff & Business Hours
This convenience store is fully operated by 13 casual employees. The vendors work a maximum of 5 hours a week in the business. The current trading hours are Monday to Sunday from 5.30am – 8.30pm.

Profitability
High levels of profitability are consistently being achieved. The business had a return on investment of 46% in 2016 financial year. An owner operator could expect a return on investment of over 52%.

Areas of Competitive Edge
Many areas of competitive edge exist including:

  • Very well established store for over 30 years
  • Fully operated by experienced employees
  • High profile position on a very busy main road
  • New signage and exterior paint job
  • High net profit being achieved
  • Excellent net profit being generated from tobacco sales
  • Parking at front and rear of building
  • Loyal, repeat customer base

Business Price
This convenience store is being sold for $650,000 plus stock at valuation (estimated at $150,000).

Contact
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement. Once we receive your details, we will email you the Sale Proposal for this business. Alternatively, contact:

  • Susan  Butler – 0419 905 463 on susan@beyond2000.com.au

Location

Location is not the exact address of the listing