Locally Established Discount Store
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About this business
In the broker's words
Full description, as written by the brokerSince opening in 2013, this discount store has become very popular attracting many locals.
It has a wide range of products to satisfy needs of wide range of customers.
Relatively simple method of operation is one of the attractions of this to the business owner.
No competitor in the surrounding area.
Total of three locations including this are offered for sale.
Opening hours:
7 days/week
Monday - Saturday: 8:30 am - 5:30 pm
Sunday: 9:00 am - 4:00 pm
Key points:
- Size of shop: 313 m2
- Lease: current to 5 September 2026 with Option of 1 x 7 years
- Monthly rent related payment for April 2023: $19,851.59 including rent, outgoings, water and GST after retail-specialty-abatement of $1,833.34
- Annual rent increase: 3%
- Annual sales/2022: around $701,000
- Annual net income before income tax/2022: around $95,000
Asking price: $210,000 + SAV ($130,000 - estimate)
(The image used is for display purposes only and does not reflect the business advertised for sale.)
Key facts
Details are as stated by the broker.
- Business type
- Retail Shop
- Established
- 2013 (from the broker's description)
Details are as stated by the broker in the description and have not been checked by Business For Sale.
Location
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