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Food & Hospitality Businesses for Sale in Drummoyne, NSW

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Food/Hospitality
DRUMMOYNE, NSW
$1,050,000
Background and venueThis inner west supermarket and fruit and veg shop is a family owned business with over 20 years experience in fruit and veg and retail. They are passionate about fresh produce, hand picking only the best fruit & vegetables daily. Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs, frozen products and some supermarket linesCurrently owner operated open 6.5 days a week closed 2pm on SundayPotential to join Food works or Friendly grocer subject to landlord approval. Operating HoursMonday to Sunday 7.30am 6.00pm Sunday until 2pm. Employees 3 full timers, 8 casual staff Lease5+5 year lease, 7 years remaining, CPI increase, 4 months bond Potential* Potential to extend trading hours * Introduce online home deliveries * Introduce more home packs or premade lunch, dinner* Advertise on social media, facebook, Instagram Weekly Financials Based on Last 12 Months POS Sales Weekly Takings $77,474Cost of Goods $50,087Gross Profit $27,387Rent $3019 (ex gst, includes outgoings)Outgoings $757 (includes rubbish removal)Wages $11,367 (not including owners wage)Telephone $100 (includes internet)Insurance $300Electricity $600Transport $1500Misc 1 $1000 (packaging, merchant fees)Total Expenses $18643Nett Profit $8744Stock $150,000 Asking Price $1,050,000 + StockReason for sale:The owner is looking to retire after 40 years in the industry. The Opportunity:Low rent. The rent is less than 4% of the sales. Net profit $8,000 per week. Open 6.5 days currently closes early on Sunday. One of the best Deli's in the area for freshly cut meat and cheeses. New owner can add home deliveries, wholesale, increase flower range, pre dinner packs or more supermarket lines to increase sales and profit.