IGA 2 x Supermarket for Sale Elphistine VIC

Two Long Standing Profitable IGA Supermarkets. Regional Victoria

Enquire Now

Why buy this IGA 2 x Supermarket Business

IGA 2 x Supermarket for Sale Elphistine VIC Asking: $3,900,000

Business for sale in Victoria - Supermarket for sale in Regional Victoria - IGA for sale in Regional Victoria

Supermarkets located in a regional town can be very rewarding. Very rare opportunity to own two long-standing, highly profitable and established IGAs in two great Northwestern regional towns yet within 130KMs of Melbourne CBD. Best in both Towns! Both are located within 30 minutes of drive from each other providing ease of management and staff movement.

1. IGA 1

*Weekly Gross Takings ~$210K-220K
*Weekly Appx Rent ~$3,174 ex, only 2% annual increase
*Rent below 2% of the takings
*Long secured lease ~ 25 years
*GP 22-23%
*Fully staffed, 40 staff incl 5-6-line managers
*Shop has liquor, deli, grocery, produce
*Owner had it for 8 years, shop over 30 years old
*Shop size appx 700 sqm
*Excellent profits
*Suits experienced operators or investors alike
*Prospective buyers will be vetted
*Price: $2,400,000 + SAV

2. IGA 2

*Weekly Gross Takings ~$150K,
*Weekly Appx Rent ~$4,619 ex, only 2% annual increase
* Rent ~appx 3% of the takings
*Under semi management owner works part time. Full time owner operators will do well.
*GP 23%
*Long secured lease ~ 30 years
*Fully staffed, 30 staff incl 4-line managers
*Shop has liquor, deli, grocery, produce
*Owner had it for 4 years, shop over 30 years old
*Shop size appx 1200 sqm
*Excellent profits
*Suits experienced operators or investors alike
*Prospective buyers will be vetted
*Price: $1,500,000 + SAV

NOTE: Discounts available for purchasers that are seeking to purchase both businesses.

EXCLUSIVE LISTING WITH NATIONAL BUSINESS SALES & VALUATIONS

Please contact Sam on 0423 610 444 to complete confidentiality agreement and receive more information.

Disclaimer
The financial information and statements pertaining to the aforementioned business have been prepared exclusively based on the information provided by the vendor to National Business Sales & Valuations. Consequently, National Business Sales & Valuations does not provide any guarantee as to the accuracy of said statements and financial information. National Business Sales & Valuations shall not be held liable for the veracity of such statements and financial information. In light of these circumstances, National Business Sales & Valuations strongly advises all prospective buyers of this business to obtain their own independent accounting, legal, and financial advice, as well as to conduct their own due diligence regarding the business. The image utilized is purely for illustrative purposes and serves to protect the privacy of the seller. It does not in any way depict the actual business or its products.