Located in the heart of Chippendale, a convenience store and tobacconist established for 19 years is available to purchase for the first time.
The neighbourhood buildings have been bought by a University and therefore the potential of the business is huge. With the current customers, the annual profit is $110,500. Rent is very low, only $510 per week. Selling price is only $125,000.
The current owner established this store in 1998 and did renovation every 5 years. Thus the shop is good looking and the business is very stable.
In summary, it is a solid business with a long history and a great potential with the University development to come.
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Annual Rent : $26,520 - Weekly Rent : $510
Annual Turnover : $390,000 - Weekly Turnover : $7,500
Annual Gross Profit : $140,000 - Weekly Gross Profit : $2,692
Annual Ebit : $110,500 - Weekly Ebit : $2,125
Premise : Leased
Lease Commencement : Jan 2015
Lease End : Jan 2020
Lease Option: 5 years
Total Floor Area : 45 Square Metres
Approximate Stock Value : $20,000
Year Established : 1998
Days Trading : 7
Reason for Sale : Move to another business
Location : Eastern Suburbs
Business Potential : University buildings set up nearby
Category: Convenience Store
State : New South Wales
City : Chippendale