Discover a curated Asian-grocery destination right in the heart of Brisbane CBD: Davely’s Asian Supermarket, located at Shop 3 / 119 Charlotte Street (inside the arcade).
Established just prior to the COVID-19 era, this vibrant, independent store offers a unique proposition for food lovers, niche importers and everyday shoppers alike.
This supermarket is a high-performing specialty retail operation offering a diverse range of groceries and imported products from across Asia and beyond.
The store attracts both regular local shoppers and destination buyers seeking authentic and premium ingredients not found in mainstream chains.
Located in a high-traffic CBD arcade, the business enjoys strong visibility, excellent foot traffic and a mix of loyal local customers and new visitors daily.
Its modern layout, quality presentation, and established online store combine to deliver a seamless shopping experience both in-store and online.
The business has carved out a profitable niche as a premium grocery destination with consistent year-on-year performance and growth potential through product diversification, digital expansion, and potential store footprint increase.


Key Features:

• Proven profitability: Solid financial performance and consistent cashflow.
• Prime location: Situated within a busy CBD precinct surrounded by offices, apartments, and hospitality venues.
• Broad customer appeal: Serves multicultural shoppers, food enthusiasts, and office workers looking for specialty or premium grocery options.
• Diverse product range: Sourced from multiple international suppliers—Asian, European, and local gourmet products.
• Expansion opportunity: Landlord open to negotiating additional floor space to enlarge the store footprint and or expanding to a known branded store (IGA, Foodworks etc.).
• Landlord is also open to the addition of takeaway/fast food offerings within this space. The lease currently allows for subleasing.
• The current lease allows up to 50% non-Asian products. Therefore, if buyers wish to change to a more fresh produce/deli/convenience store, it will work really well too.
• Online growth potential: Established e-commerce platform ready for expansion through digital marketing and nationwide delivery.
• Scalable model: Proven retail format suitable for replication or multi-site growth.
• Industry trend: Growing demand for specialty and premium grocery experiences across Australian cities.


Business Snapshot:

• Revenue: $1,068,103
• Profit: $391,185
• Stock Value: $238,000
• Prime CBD location – high daily pedestrian and commuter exposure
• Strong, diverse product range: imported groceries, premium snacks, beverages, sauces, and cookware
• Established e-commerce site supporting retail operations.
• Consistent weekly sales and repeat local clientele.
• Trading Hours: Mon–Fri 10 am to 7 pm | Sat–Sun 11 am to 6pm


Price: $850,000 + SAV
Serious enquiries only. Confidentiality agreement required prior to release of financials.

Contact the exclusive broker direct.
Marc Sax
Benchmark Business Sales and Valuations
Mobile: 0428 876 328
Email: marc@benchmarkbusiness.com.au
Please ensure you have the necessary capital or equity before expressing an interest in this business.