Business for Sale in Victoria - IGA Supermarket For Sale in Melbourne Metro
Many Australian businesses have been affected by COVID-related lock down, but supermarkets are generally well-run because they are classified as essential businesses. As a result, supermarkets in Australia and many other countries have become desirable businesses for owners, operators and investors. This supermarket is no exception and is experiencing rapid sales growth. However, even after Victoria's COVID lock down was lifted in November 2021, sales continued to grow, which is a big difference for this supermarket. This business, coupled with year-over-year sales growth, ultra-low rents, and long-term leasing, makes it very attractive for strong future profitability. It is very rare for a supermarket to have all three components.
* Sales July 2021 to March 2022 ~$3.36M Inc GST
* 38.25 % YOY Sales growth (FY 19-20 to FY 20-21), sales continue to grow into FY 21-22.
* Super Low Rent, below 2% of average takings
* Long secured lease
* Top location, ample free parking
* Fully equipped
* Loyal clientele
* Suitable for owner operators or investors alike
* Easy manage business
* Plenty of free parking available
* Business is suitable for 188 Business Visa holders
* ONLY SERIOUS GENUINE BUYERS TO QUERY
* Asking $1,500,000 ONO + Stock At Valuation (Appx $280K )
EXCLUSIVE LISTING
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.