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Food, Beverage & Hospitality business for sale in Riverside

  • Food, Beverage & Hospitality
  • Bs6961 Riverside NSW 2444
  • $1,850,000 (GST na)

Under Offer! Very profitable Fruit and Veg Store, Beautiful Coastal NSW Town

Business ID: BS6961

25%+ Return to Investor. Consistent turnover $7.5m+ pa

Established for over 40 years and owned by the same family for the last 20 years this well known and superbly located business is very profitable and is well-positioned for further revenue and profit growth.

Occupying a floor space of almost 1000 sqm the business sells the best fresh fruit and veg, small goods and gourmet products to both wholesale and retail customers.

Average monthly t/o exceeds $625K/month
100+ wholesale customers (Aged Care, schools, cafes etc)
Extremely well-presented premises
Located in a vibrant retail centre with no competing stores
Existing lease 4.5 years plus 5 year option
New lease now allows the sale of fresh and frozen seafood.
Main route location with ample on-site parking
150sqm mezzanine with offices, toilets, staff room etc
3 large and separate coolrooms
Large prep area
Long term experienced staff in place
Significant assets including 3 refrigerated delivery vans
Assets include 1 new refrig del vehicle and 1 new Forklift (value $130K)

The owners will provide a handover of one month to familiarise the buyer with the operation of the business and provide an introduction to suppliers and buying agents. The current owner will make himself available after handover for advice etc.

This is an outstanding business that has been operating successfully for 40 years. It is not often that such quality businesses come on the market that generates this income without needing the full-time input of the owner(s). The business has very strong cashflow and as a result the business can be operated from acquisition with low cash reserves.

Asking Price: The goodwill and assets of the business are for sale for $1.85m+SAV (SAV around $100K)

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Business Highlights

Business ID2016862789
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Category
Last updated  12 Mar 2021
Map for Bs6961 Riverside NSW 2444
Map for Bs6961 Riverside NSW 2444Bs6961 Riverside NSW 2444
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Xcllusive Business Sale Balmain
Xcllusive Business Sales
Xcllusive Business Sale Balmain

Business Highlights

Business ID2016862789
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  12 Mar 2021
Xcllusive Business Sale Balmain
G14, 1-15 Barr Street Balmain NSW 2041
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Xcllusive Business Sale Balmain
Xcllusive Business Sales
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02 9817 3331
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