This thriving independent fruit and vegetable store has demonstrated remarkable growth since its establishment in 2021, increasing turnover by approximately $1 million annually. Located in a standalone building with excellent visibility and ample parking, the business has quickly built a loyal customer following in Maitland.
Key Features:
- Weekly turnover averaging $130k
· Established: January 2021
· Growth: $1M increases annually
· Location: Standalone building with large street frontage
· Additional Revenue: Coffee bar operating 7 days.
· Lease: 7-year term with 3 years remaining plus 7-year option
· Rent: $92,123 annually with CPI increases $1,771.60 weekly under 2% of turnover
· Staff: 5 permanent, 2 part-time, 10 casual employees
· Trading: 7 days per week
· Complementary Businesses: Neighbouring stores add value.
· Expansion: Substantial cool room capacity for wholesale
The business currently focuses exclusively on retail sales but offers significant expansion potential into wholesale operations, with ample cool room storage already in place. The store is known for quality and detail. Allowing it to compete effectively against major chains.
A coffee bar provides additional revenue streams and helps drive foot traffic, while the comprehensive staff structure allows for smooth operations. The current owners work in the business 5 days per week handling operations, quality control, and administration.
Store is currently is being ran with a very experienced buyer working out of Sydney Markets and organising transport to store. Current staff is able to organise all ordering and re-stocking of store with Grocery and Fresh Fruit and Vegetables.
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