Well Known Asian Supermarket - East Auckland

Auckland City

$1,600,000

Proposed Usage
Retail
Description:
Property ID
1btp11j

This is a well known Asian Supermarket in East Auckland.

This business has been in the same location for more than 20 years and is very well known among the Chinese society. The customer base is tremendous. The current owners have been running this business for more than 8 years since 2008.

The store area is more than 2000m2. Providing a wide range of Asian grocery items such as different kinds of Asian foods, fresh fish, meat and vegetables. Located at the centre of a Chinese settlement and surrounded by different kinds of restaurants and businesses. There are plenty of car parks in front of the store.

High exposure. Huge potential for growth. Minimal competition.

In order to secure good deals for fresh fish, staff attend the fish auction at the fish market every day.

The vendor says the current weekly turnover is about $120,000 - $150,000 and is growing, therefore total turnover is more than $7 million per annum.

The salary and rent occupy less than 11% of turnover. Rent is 3% of total turnover, at $4,246.15 (GST inclusive) weekly. With 14 staff, the salary expense is around $12,000 - $13,000 per week and is about 7.8% total turnover.

No matter how many businesses you have browsed before, please focus on this profitable business. It won't let you down.

Be quick. Must sell. If you're interested, please don't hesitate to call Raymond.

Price $1,600,000 + estimated stock value of $200,000
.

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