Strand Convenience – Townsville

AU$100,000
September 16, 2023

Description

Business Overview
Strand Convenience (previously Kwik Shop The Strand) is a busy convenience store located in direct proximity to the picturesque Strand Beach at 2/58 The Strand, North Ward, Townsville.

The seller purchased the business in 2022 and rebranded it to Strand Convenience with new signage that gets people’s heads turning while walking past the store on their way to the beach. In addition to being surrounded by quality businesses that attract great levels of customers to the area, the bustling Gregory Street precinct is only a stone’s throw away and is brimming with chic restaurants, cafes and retail stores.

A wide range of grocery items are sold by the store, including food, drinks, cigarettes and smoking accessories, as well as Golden Casket Scratch-its. Strand Convenience has the distinct advantage of being the only convenience store in the area. Strand Convenience has established a loyal, repeat customer base, with the weekends being especially busy. There is scope to increase the trading hours until midnight.

Employees & Business Hours
The seller works 35 hours per week in the business and engages 1 full-time and 1 part-time employee. The current trading hours are:

  • Monday to Wednesday: 7am – 9pm
  • Thursday to Sunday: 7am – 10pm

Why You Should Buy Strand Convenience

  • Prime location near The Strand beach in busiest suburb in Townsville
  • Well-established store for over 5 years
  • A loyal repeat customer base has been established
  • Only convenience store located in the area with no competition nearby
  • Surrounded by quality businesses that attract customers to the area
  • Close to Gregory Street precinct
  • Excellent relationships with vendors and distributors
  • High profit margins on the goods
  • Scope to expand into selling all Lotto products
  • Becoming a tobacconist would further increase profitability
  • Bright, modern fitout
  • Steel roller shutters for extra security
  • Long term lease with until 2032
  • Affordable rent and outgoings
  • Easy business to operate
  • Free parking directly in front of business

Business Price
Strand Convenience is being sold for $100,000 plus stock at valuation (estimated at $30,000 – $35,000).

Confidentiality Agreement
To receive a Sale Proposal, please complete our online Confidentiality Agreement form at www.beyond2000.com.au/confidentiality-agreement.

Business Broker
Susan Butler – 0419 905 463
susan@beyond2000.com.au
www.beyond2000.com.au