Highly Profitable Supermarket with Huge Potential to Improve Further under a Dedicated Owner Operator!

- Iga - Nicholls,Canberra ACT 2601

$599,000 + SAV

BusinessSize: n/a
New to the market is this highly profitable and well established IGA supermarket and liquor store, exceptionally well located in the beautiful and popular northside suburb of Nicholls.

The supermarket has been in operation since 2008 and is currently run under full management, however, a dedicated new owner-operator would have the opportunity to take the store to the next level.

The store maintains a large, diverse, and dedicated clientele, as well as a fully trained complement of committed staff who are willing to stay on with the new owner if so desired.

The current owner is now wishing to reduce his commitments and spend his time concentrating on his other stores.

IGA supermarkets in Canberra have great protection from competition and tend to be more profitable because of strict planning and regulation, urban sprawl, high-income population, and unique local buying habits. All the above make this a very safe investment.

IGA supermarket chain is the largest and one of the most progressive and innovative food retailers in the world. They have a unique philosophy - the brand is built on a strong history of original ideas well applied right around the world. It has strong operational, marketing, and distribution systems.

The store has been recently renovated including new flooring and fridges/freezers.

Don't delay making an enquiry on this exceptional business opportunity TODAY!

Sale price $599,000 + SAV

There is also an opportunity to purchase the premises if so desired.

For more information please contact Michael Newham of Finn Business Sales on 0419 263 014 or email michael.newham@finnbusinesssales.com.au

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Business
Stamp Duty:$0
 
The Finn Group

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What's Nearby

Gold Creek Primary School, NichollsPrimary School
0.2km
Gold Creek High SchoolHigh School
0.5km
Calvary Private HospitalHospital
7.5km
The MarketplaceMajor Shopping Centre
3.2km
University Of Canberra, BruceUniversity
6.2km
Gungahlin CollegeCollege
3.1km
Hall Post OfficePost Office
3km

Canberra Suburb Information

 
 
Average Age
24 years
Population
2,824
Canberra Profile
Canberra Occupancy

Contact agents

The Finn Group

The Finn Group

View agency detailsMichael NewhamThe Finn Group
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This listing has been viewed 42 times. It was first displayed on 11/11/19 and last updated on 11/11/19.