3/21-25 'IGA BANORA POINT' Amaroo Drive, Banora Point NSW

For Sale

Food/Hospitality

$480,000 + Stock ONO

This beautifully presented business is now for sale.

Sales would average $52,000 to $46,000 per week Summer to Winter.

Tax figures show turnover for 2018 at $2,355,772.63 & 2017 at $2,447,627.12. Net profit to owner 2018 at $205,655.61 & 2017 at 209,103.05.

This business is very well structured offering a full range of quality products, stocked deli, cooked chickens, fresh produce, sub-news agent and very happy customers.

You truly feel when walking into this business it is connected to the local community, smiling faces and plenty of banter, very clean and tidy. IGA Banora is certainly the corner stone of the Tweed Heights community and the only supermarket in the centre, positioned in-between a bottle shop & bakery.

There is a long lease in place current term to Feb 2021 + 3 x 5-year option periods. Current gross rent is inclusive of outgoings at $10,349.14 per month including GST. The business trades 7 days per week has 10 staff to include 2 staff in management roles that can open & close and run the business when the owners are away. The owners work in the business, one doing 45 hours and the other 33 on average. There are new residential estates opening close by that will increase sales. Great opportunity for a new owner to secure a great business. Exclusively listed for $480,000 + Stock approximately $110,000 the owners have asked me to present all offers.

Full information memorandum available with 4 years tax figures on completing a confidentiality agreement. Quality like this is hard to find so don't delay.

For further enquiries or to arrange an inspection please call Brendan Morgan today on 0411 410 099 or brendan.morgan@raywhite.com.