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Home Business For Sale IGA North Brisbane | 18.9% Adj Net Profit | Store Managed

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Reference Number: bus6688

Mathew Hartley See all ads

+610400 412 593

IGA North Brisbane | 18.9% Adj Net Profit | Store Managed

Queensland

Brisbane - Greater

$1,695,000 + Stock

Business overview

A store managed IGA supermarket in a North Brisbane residential growth corridor, trading seven days a week.

Reference Number: bus6688

Business snapshot:

Stock Value: $150,000 (approx.)

Earning Type: EBITDA

Gross Profit: 35.5%

Adjusted Net Profit: 18.9%

Rent: $13,163.44 per month including outgoings, plus GST (5.0% of sales)

Lease: Current term to 30 April 2028, with 7 + 5 year options

The key details:

Trading Days: Monday to Friday 6am to 9pm, Saturday and Sunday 7am to 8pm

IGA banner with national supply, promotional and marketing support

Store managed, with no owners’ wages in the add backs

Rent including outgoings at 5.0% of sales and wages excluding owners at 8.2%

Compact 250 m2 footprint

Established residential catchment with further housing growth planned nearby

Summary

IGA North Brisbane has traded from its neighbourhood centre site since 2016 and serves an established residential catchment in a North Brisbane growth corridor.

This supermarket has operated in the same location for 30 years with several upgrades along the way.

WHY THIS BUSINESS

• You step into an established site with a team and roster in place
• You benefit from the IGA banner and its supply and marketing network
• You gain scope to lift earnings through owner operator involvement
• You buy into a residential growth corridor with new housing planned

Please ensure you have the necessary capital before expressing an interest in this business.

The image shown is for illustration purposes only and may not be an exact representation of the business.

A store managed IGA supermarket in a North Brisbane residential growth corridor, trading seven days a week.

Reference Number: bus6688

IGA North Brisbane | 18.9% Adj Net Profit | Store Managed

Queensland

Brisbane - Greater

$1,695,000 + Stock

Mathew Hartley See all ads

+610400 412 593

Contact business broker

Mathew Hartley See all ads

+610400 412 593

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