Located in the North Shore region of Auckland, this spacious superette has a high turnover averaging at around $22,000 per week with standard gross margins, plus LOTTO turnover averaging at $5,100 per week. The vendors currently pay a rent of $3,690 per month, including rates and OPEX, inclusive of GST. The lease is long and secure till April 2030.
Being in a block of other businesses and with ample parking, increases foot traffic, essential for a retail shop. This shop was open throughout the lockdown period, and had a good turnover despite restrictions on number of people entering the shop at a given time.
The vendors are selling for personal reasons.
To find out more, go to linkbusiness.co.nz/EL02875 and press the “Enquire Now” button to complete an online confidentiality agreement.
Mahendra Velankar, 022 657 4179, email@example.com
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
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*Profit: 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.