This business is located in a residential area within Palmerston and is the only supermarket in the immediate area. It has shown consistent revenue over several years through grocery and liquor sales and was considered an essential service during Covid. There is also a popular takeaway food section within the premises.
With recent upgrades to equipment and good systems in place, this well laid out store provides a modern and well run operation for the external owners. Key staff in place manage the business with minimal input from owners.
A suitable handover period is available as part of the settlement.
Groceries are a weekly purchase for everyone and location is important for strong trading and this store is perfectly placed in the suburbs for easy and convenient access. This business would suit a husband and wife team seeking an independent lifestyle or would equally suit an investor by upgrading key staff to management. Certainly worth a look!
Asking Price: This business is listed at $2 million for plant & equipment, IP and goodwill. Stock would be at a value of approx. $170,000
08 8472 3331