Fruit, veg and meat Find better value buy it!

Business Details

The price cut for immediate sale - sellers believe so much in the business and the customers they are prepared to seller finance 25% over two years! Turnover $600k plus in 2016.

Lost River Produce represents a unique opportunity to purchase a successful meat and fresh produce business. Strong financial performance, cheap rent and minimal overheads are just three reasons you should consider being the new owner of this business.

Owner involvement is minimal, and a new owner could make a comfortable living while only working 15 hours a week! Alternatively, a new owner could make even more by managing and working in the business themselves.

Key highlights include

* Sales of $630,950 (or $12,133 per week) and PEBITDA of $71,682 in FY 2015.
* Stable and consistent gross profit margin and PEBITDA margin.
* Excellent location in the heart of Crookwell and an exceptional local reputation.
* Very low overheads, very cheap rent.
* Long and secure lease, excellent relationship with the landlord.
* Limited owner involvement. A new owner could even consider working in the business themselves.
* Scope to increase turnover by extending operating hours. The business doesn’t even trade on Sundays!

Don’t wait to miss this one of a kind opportunity! Enquire today!

Financial Snapshot

Reporting Period 2016 Weekly Average 2015 Weekly Average 2014 Weekly Average
Sales $606,980.00 $11,672.69 $630,950.00$12,133.65 $675,866.00 $12,997.42
PEBITDA $82,756.00 $1,591.46 $71,682.00$1,378.50 $101,545.00 $1,952.79
Gross Profit $171,795.00 $3,303.75 $160,325.00$3,083.17 $197,280.00 $3,793.85
Wages and salary $100,000.00 $1,923.08 $100,000.00$1,923.08 $100,000.00 $1,923.08

Business Summary

Canberra, Australian Capital Territory
Retail - Fruit and Veg,
Retail - Supermarkets.
  • Premises: 40 Goulburn St, Crookwell NSW.
  • Sublease commencement date: 1 July 2010.
  • Sublease termination date: 30 June 2015.
  • Options: for a period of five (5) years.
  • Current Rent: $547.65 plus GST per month.
  • Base Rent: $6,517.85 per annum plus GST.
  • Annual increases: fixed percentage increase of CPI review.
  • Bank guarantee: an amount equivalent to the sum of six months rent and tenants Outgoings from time to time plus GST on that amount.
1 Casual shop assistant. 1 full time shop assistant that runs day to day operations 1 business manager (owner).
Monday to Friday 8:00 Am to 5:30 PM. Saturday 8:30 AM to 12:30 PM
Under management

Enquire Now

Sales Summary

Sale Status : Sold

Sale Method : Private Treaty

Investment Amount : $80,000

Stock at Value : $0.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605