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Food, Beverage & Hospitality business for sale in Canberra

  • Food, Beverage & Hospitality
  • - Iga - Nicholls Canberra ACT 2600
  • $499,000 + SAV

Recession Busting Business!

During recession periods and uncertain economic times people significantly reduce discretionary spending and eat out far less often. This means supermarket sales and profits increase greatly as people prepare their own meals. On top of this, people will be staying away from restaurants, pubs and clubs in droves as they try to limit their exposure to the Corona Virus.

This highly profitable and well established IGA supermarket and liquor store is exceptionally well located in the beautiful and popular northside suburb of Nicholls.

The supermarket has been in operation since 2008 and is currently run under full management, however, a dedicated new owner-operator would have the opportunity to take the store to the next level.

The store maintains a large, diverse, and dedicated clientele, as well as a fully trained complement of committed staff who are willing to stay on with the new owner if so desired.

The current owner is now wishing to reduce his commitments and spend his time concentrating on his other stores.

IGA supermarkets in Canberra have great protection from competition and tend to be more profitable because of strict planning and regulation, urban sprawl, high-income population, and unique local buying habits. All the above make this a very safe investment.

IGA supermarket chain is the largest and one of the most progressive and innovative food retailers in the world. They have a unique philosophy - the brand is built on a strong history of original ideas well applied right around the world. It has strong operational, marketing, and distribution systems.

The store has been recently renovated including new flooring and fridges/freezers.

Partial Vendor Finance is available to approve applicants.

Don't delay making an enquiry on this exceptional business opportunity TODAY!

Sale price $499,000 + SAV

There is also an opportunity to purchase the premises if so desired for a price of $1,700,000.00.

For more information please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au

Business Highlights

Business ID2016494690
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Last updated  15 Sep 2020
Map for - Iga - Nicholls Canberra ACT 2600
Map for - Iga - Nicholls Canberra ACT 2600- Iga - Nicholls Canberra ACT 2600
The Finn Group
Po Box 1484 Sunnybank Hills QLD 4109
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