No pictures of this property are currently available.
| Average age: | 31 years |
| Houses: | 0.0% |
| Townhouses: | 0.0% |
| Flats & units: | 89.4% |
| Other: | 10.6% |
| Population: | 722 |
General Description
You could not find an easier business to run yourself or have it managed for you whilst generating you excellent profits. This convenience store has been established for 5 years attracts a mass amount of foot traffic from the bus interchange, large Government buildings, night time clubs and bars and tourist's to Canberra. If ever location was so important - this convenience store has this covered.
Potential
Introduce different price structures for different times of the day. At the moment the prices are the same any time of the day. However late night customers would be willing to pay a bit more just for the convenience.
The level of turnover this business achieves the new owners can start to place more pressure on their suppliers to obtain better prices for stock.
Change the layout to introduce more stock. Professional plans have been drawn up to allow expansion inside the store which the new owners can introduce at any time.
The owners currently work part time in the business. New owners can either do the same or setup the store so staff manage and run it on their behalf. Very flexible business.
Features
Good regular customer base consistently come into the store. Location can not be replicated. Proven formula in use that delivers the owners good margins on their product sales and a very comfortable living.
Premises
Clean and open. Security system in place to monitor the store. Includes and office and store room. Computerised systems in place for order taking. POS System.
Location
Civic.
Trading Hours
Can trade 24 hours a day - 7 days a week. However currently trades 6am to 12pm Sunday to Wednesday and 24hrs Thursday to Saturday.
Lease
5 year lease with 5 year option.
Employee
2 Owners + casuals.
Financials
Turnover for 2011 $2m+
Gross Profit averages 30%
Rent per week $1,530
Price
$585,000 + SAV
Stock is approx $90,000
Contact
Jason Klose of Brindabella Business Brokers
0414 890 286
jklose@bbbrokers.com.au
Confidentiality Agreement
http://www.bbbrokers.com.au/civic-convenience-store.html
Click the "Enquire" button at the bottom of the screen and kindly complete your details.
P: 0414 890 286
E: jklose@bbbrokers.com.au
PO Box 6088 Mawson ACT 2607
www.bbbrokers.com.au
Askdoe Holdings Pty Ltd
Licensed Agent
View all sales listings for this agency
Initial Requirements (assuming sale price of $585,000)
| Stamp duty | $25,388 |
| Legal fees1 | $1,500 |
| Loan application fees2 | $655 |
| Minimum deposit (10%)2 | $58,500 |
| Total initial payment: $86,043 |
Monthly Repayments (assuming deposit of $58,500 and sale price of $585,000)2
Loan repayments on $526,500 borrowed at 6.95% over 30 years.
| (Principal and Interest) Loan Repayment: $3,485 per month |
Notes
This listing was first displayed on 8/9/11, last updated on 17/11/11, and has been viewed 1342 times. Please note the counter is not updated immediately.
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