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Convenience Store business for sale in Penrith

  • Convenience Store
  • Penrith NSW 2750
  • $149,000 (GST na)

SFG1022A - Business For Sale - Convenience Store $20,000 sales p.w. - Net profit $2,400 p.w. - Low rent - growth potential.

Convenience Store - Tobacconist - Gifts. - Franchise - Western Suburbs
SBX Business Code: SFG1022A
Convenience store and tobacconist selling good range of tobacco lines, drinks, confectionery, novelty and gift items, ice cream etc. - An ATM contributes $250 to turnover p.w. - Redemption machines attract children and parents. - The business is like two outlets in one due to the unique dual entries which ensures strong weekly turnover.

Potential
Increase opening hours - currently opening 9.30 a.m. and closing 6 p.m. - Trading 7 a.m. to 7 p.m. would dramatically increase sales. - Introduce coffee as it is an approved usage. - Room for sublease. - Add more convenience lines and specials. - New restaurants opening next door will increase demand.

Features
Dual entrances - Loyal clientele. - Excellent location. - No direct competitor. -Well established. - Landlord has upgraded courtyard area - Low rent. - One person operation.

Premises
This business has an area of 80 sq. Mts. with retail displays and secure storage.

Location
Perfectly located with two entrances the first on a main street and the other opening onto a mini courtyard shopping precinct in Western Suburbs

Trading Hours
7 days. - Mon. - Fri. - 9.30 a.m. - 6.00 p.m. - Sat. - Sun. - 9.30 a.m. - 4.00 p.m.

Lease
Current lease expires September 2022 - annual 3% increases. - A new lease on favourable terms can be negotiated. - Small bond of 3 months may apply.

Employees
1 owner

Comments
The landlord has recently upgraded the facility which has attracted new adjoining quality tenants thus increasing foot traffic. - Whilst part of a franchise there is no weekly franchise fee just a one off application fee of $5000 and an ongoing small membership fee for which you get strong buying power and brand recognition. - The trading figures do not include wholesale accounts which the store has and these dramatically increase weekly turnover when orders are placed.- This is represents a wise and profitable investment.
Figures
Weekly Sales $20000
Rent (ex GST) $682
Wages $0
Profit $2414

SBX Business Code: SFG1022A

SBX Business Brokers - Sydney Business Exchange

Business Highlights

Business ID2015357449
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Category
Last updated  14 Jun 2019
Map for Penrith NSW 2750Penrith NSW 2750
SBX Business Brokers
Suite 1, Level 2, 2 - 4 Pacific Highway St Leonards NSW 2065

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