Supermarket business for sale in Penrith
- Penrith NSW 2750
- $449,000 (GST na)
IGA Supermarket Sydney Outer Western Suburbs
Penrith area. Turnover $1.7M per annum (Ex GST) (approx.). Net to 1 owner $300K per annum (approximately). Established approximately 20 years. Great lease plus a 15 years option. High profile position in a single level open air shopping complex.
ABOUT THE OPPORTUNITY
This business is essentially an independent supermarket, which belongs to the IGA marketing group. An extensive range of products are carried, which broadly include; fresh fruit and vegetables, processed meats & poultry, quick meals, tin foods, sweets, butter & other spreads, milks & other dairy products, soft drinks & juices, coffees & teas, cereals, breads, toiletries, pet food, washing detergents, cleaning products, etc. The supermarket is clearly visible by the IGA rounded red logo with white writing signage. However, each IGA store is different with a strong sense of independence. The business is simple to run with the marketing group taking care of some of the marketing, new product development etc.
The premises are single level and possess 180 degrees exposure to the car park belonging to the complex. Some of the nearby businesses include: Cellarbrations Liquor, a medical centre, a chemist shop, a bakery and a pizzeria.
IGA is one of Australias largest truly independent supermarket groups. The IGA brand is owned by Metcash who is also IGAs supplier. IGA stands for Independent Grocery Alliance.
The IGA marketing group now boasts approximately 1,400 supermarkets throughout Australia. The USA IGA has over 500 stores in over 30 countries. The brand was brought to Australia by Davids Holdings during 1988.
GREAT OPPORTUNITY TO GET INTO THE SUPERMARKET BUISINESS!! WELL SOUGHT AFTER MARKETING GROUP!!
Asking $449,000 + SAV.
Phone: (0414) 286 555 or (02) 9032 2765
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|Last updated||24 Dec 2019|