Australian Food Hospitality Business

Cairns, Australia

  • Asking Price: $950,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #226895
  • Established: Not Disclosed
  • Employees:

Business Description

Situated on a busy inner-city, highway location, this Cairns convenience store is an ideal opportunity for a working couple, extended family or passive investor. Currently operated under management with limited owner input, Olly’s Friendly Grocer Sheridan Street presents immaculately, featuring upgraded plant and equipment and point of sale.

Other features of this outstanding opportunity include:

•Annual sales in excess of $3 million
•Long lease, with rent as a % of turnover being less than 4%
•Close proximity to Hotel & Motel accommodation
•Ample, convenient customer parking
•Fully trained, loyal staff
•Repeat clientele
•Great cash flow business
•Full customer offer, including grocery, convenience, fruit and veg, cigarettes & BBQ chickens
•Impressive financial performance, with return to owner in excess of $400k
•Active promotional programme and Friendly Grocer banner support

Business Details

Primary Business Category: Manufacturing - Food
Location: Australia
Metropolitan Area: Cairns

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $950,000
Seller Financing Available: No

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Business Listed By:

Rick Brown

MergersCorp M&A International