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

For Sale

Food/Hospitality

$500,000 + Stock

This beautifully presented business is now for sale. Sales in the Summer months would average $52,000 to $55,000 per week with Winter around $46,000 to $48,000. Tax figures show turnover for 2016 / 2017 financial year @ $2,447,627.12 Net profit to owner for the first 9 months of this financial year was over $200,000 with 3 months still to go.

The 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 @ $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 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 $500,000 + Stock approximately $110,000

Full information memorandum available with 4 years of Tax figures on completing a confidentiality agreement, email or call Brendan Morgan today on 0411 410 099 or brendan.morgan@raywhite.com.

Quality like this is hard to find so don't delay.