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Norwood Store

Norwood Store
$295,000 plus S.A.V For Sale
  • 130 sq metres

Description

FYE 19 TURNOVER: $1.26m
HIGH ROI: 43%

It’s not every day that business opportunities like this come to market! The Norwood Store is a long-standing institution in its local area and has been under current ownership for the past 13 years. This financially strong business benefits from a consistent trade that does not suffer from seasonal influences. The business services a large catchment area and is well positioned on a busy arterial road. Future growth is ensured with significant residential subdivision works currently commencing in neighbouring suburbs.

Norwood Store is a well thought out convenience store, the business stocks all of the staple grocery lines, is a sub newsagency and offers takeaway food for breakfast, morning tea and lunch. An opportunity exists for the purchaser to consider extending evening trade and offering takeaway dinner options.

Highlights of the business as follows:

-Turnover consistently in excess of $1.2m
-Trade is not seasonal
-Current ownership of 13+ successful years
-Well located on a major arterial road
-Car parking on site
-Convenience lines, sub newsagency & takeaway food
-Immaculate and functional commercial kitchen
-Stock room with ample storage space
-Well trained long serving staff
-Currently trading 7 days
-Opportunity for upside with dinner trade
-Shop size approx. 130m2
-Potential to lease or purchase freehold property with adjoining 3 bedroom house

This is a fantastic opportunity to purchase a well-established small business with a proven successful track record. Financial information available by request.

For more information please contact Andy at Tucker & Howell

POTENTIAL PURCHASERS ARE TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. ALL FIGURES QUOTED ARE APPROXIMATE.