ABS Business Sales

Business Description

Friendly Grocer has been operating for over 50 years in Australia. Friendly Grocer are part of a buying group acting on behalf of all our members to provide very competitive prices to all their customers.
With over 240 stores in QLD, NSW and ACT, with all stores owned, run and managed by local people. Friendly Grocer is "Just around the corner".
This Friendly Grocer store located just 3 km from Brisbane CBD, surrounded by large businesses, iconic places and residential. This store is partly under management and owner is working under 20 hours per week.
You will reap the rewards from the consistent trade from regular clientele, business offices, pub, high end boutiques and local residents.

Highlights:

* Weekly Sale $14,000
* Gross profit is 45%
* Net Profit $100K pa
* Wages $62,400
* 3 years lease + 5 Year Option
* SAV is approximately 60K
* Great Iconic and busy location
* Basement Parking
* Trading 7 days, Mon-Thu 7-10, Fri-Sat 7-11 and Sun 8-10

Asking price: $69,000 + SAV (approx $60K)

To find out more information about this business, please complete the confidentiality agreement quoting reference number: 9072
https://absbusinesssales.com.au/confidentiality-agreement

Broker: Juby Antony| E: juby@absbrisbane.com | P: 0410 446 127

Head Office | P: 07 3368 4010| E: reception@absbrisbane.com