Asking price $639,000 + Stock (Approx. $200,000)
Take advantage of this rare opportunity to acquire a well-established grocery retail business that has been serving its loyal community for years. Offering a wide range of Indian, Sri Lankan, Pakistani, Mediterranean groceries, spices, fresh fruit, and vegetables, this business enjoys consistent sales and multiple income streams from everyday essential products.
Key Features:
• Owner retiring after long successful years
• Well-established grocery retail business with a loyal customer base
• Specialises in Indian, Sri Lankan, Pakistani & Mediterranean foods, spices, fresh fruit & vegetables
• Strong average annual turnover of approximately $1,800,000 (incl. GST)
• Healthy 28% gross profit margin
• Multiple revenue streams from essential grocery products
• Long-term lease in place until 2037
• Weekly rent: $1,400 + GST + outgoings
• Trading 7 days: Monday to Sunday, 9:00am - 8:00pm
• Owner-operated with:
- Full-time owner
- Part-time assistance from spouse
- One full-time staff member
• Excellent opportunity for:
- Owner-operators
- Family businesses
- Experienced retailers
- Investors looking for an established operation
• Strong reputation with repeat customers base and consistent trading history
To learn more or arrange a confidential discussion, please copy and paste the link in your browser: https://vltre.co/8mT8Sr, and complete an online confidentiality agreement.
Listing Agent: Salil Wagle - 022 503 0985 or Email: salil.wagle@harcourts.co.nz
