Lifestyle supermarket is poised for growth - Mitchell Supermarket

Business Details

Lifestyle supermarket is poised for growth...

Mitchell supermarket offers an outstanding opportunity to enter the convenience-driven supermarket industry.

Located in the industrial and commercial precinct of Mitchell that is surrounded by most of the fasting growing suburbs in Australia.

The large retail trading footprint, which is 500sqm, offers plenty of opportunities to grow the business.

The current owner 60+ focuses on lifestyle and the operational business hours reflect that accordingly.  Monday to Friday 7:30 am to 6:30 pm and half day on Saturday.

The business did a roaring trade with lotto and scratchies - the current owner didn't continue when he took over.  Re-installation could pay huge benefits.

If you are motivated and prepared to capitalise on the cheap rent of less than $200sqm, then re-organisation and re-thinking of the retail offering could pay huge benefits.

There is plentiful free parking at the centre and focusing on bulk and great-value fresh offerings such as meat, fruit and vegetables might service the significant and growing band of residents in the surrounding suburbs.  

If change is not your cup of tea then buy, own and reap the rewards of this low-effort - high-profit opportunity.

To express your interest and receive our full Business Information Package (BIP), please email - sales@capitalcommercial.com.au - with your full name, contact number and stating that you would like to receive further information about this business. We will then email you the deed of confidentiality, which once completed will enable us to email you the BIP and supporting documents.

Thank you on behalf of the team at Capital Commercial Business Sales.

Financial Snapshot

Reporting Period 2016 Weekly Average 2015 Weekly Average 2014 Weekly Average
Sales $1,258,420.00 $24,200.38 $1,086,947.00$20,902.83 $951,807.00 $18,303.98
Gross Profit $335,700.00 $6,455.77 $263,693.00$5,071.02 $230,909.00 $4,440.56
Net Profit /(Loss) $170,911.00 $3,286.75 $96,247.00$1,850.90 $70,917.00 $1,363.79
PEBITDA $183,168.80 $3,522.48 $126,653.00$2,435.63 $91,415.00 $1,757.98
Rent $101,418.00 $1,950.35 $91,767.00$1,764.75 $87,727.00 $1,687.06

Business Summary

Canberra, Australian Capital Territory
Retail - Supermarkets.
  • This premises is leased.
  • Lease expires on the 30 April 2018.
  • There is an option to renew for five years (2018 - 2023).
  • Base Rent is $85,000 (Plus GST) per annum.
  • Rent review dates/CPI adjustment dates on 1 May each year.
  • Fixed review date - 1 May 2014 - $100,000.00 (plus GST) per annum.
  • Good relationships exist with the landlord. He has been accommodating to lease extensions since 1986.
The staff member works approx. 15 hours per week, and is involved with the business in an all-round capacity. This includes office administration, stock orderning, cleaning and other day to day operation.
Mon - Friday 7.30am - 6.30pm. Sat 9am - 1pm.
Owner Operated

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Sales Summary

Sale Status : Sold

Sale Method : Private Treaty

Investment Amount : $270,000

Stock at Value : $0.00

Finance Options :

Frank Walmsley

1300 793 690

0400 446 605

sales@capitalcommercial.com.au