Indian Grocery Champion

POAAuckland CityListing: #EL00643


Auckland City  


POA


Food/Hospitality
$258,000


About this business for sale

Indian Grocery Champion

Since 2006 till date the Indian Ethnic population in New Zealand has had the highest percentage growth. This store is in the 3rd heartland of the Indian community residential area, but also the fastest growing.

The vendors saw this opportunity and have established this managed mini Indian supermarket. Annual sales of over $2M, net profit of over $250k, a net profit or 11.69 % of turnover  paying wages of $160k or 7.49% of turnover  this includes 2 owners wages of 50k each,  rent is only $83 k or 3.89 % of the turn over .

With a lease end date of 2031 with next rent review July 2022 in place. The store has a massive 80sq mtr walk in chiller not being used, hence opportunity to apply for a liquor license as there is enough space or start a fresh flower business.   

Please complete online confidentiality by opening the listing http://www.linkbusiness.co.nz/businesses-for-sale/EL00643 and clicking on ENQUIRE NOW 

Strict confidentiality criteria applicable, details only in person to genuine buyers who can substantiate financial capacity.

Neville Choksi M 0210599519 E nevillec@linkbusiness.co.nz

Reference: EL00643

Auckland - Ellerslie
neville.choksi@linkbusiness.co.nz
+64 9 555 6038
+64 21 059 9519

Neville Choksi

*Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.