Industry:
Retail
Business Address:
Pyramid Hill, VIC, 3575, Australia
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AD
ID:
B120800018
Asking
Price:
AUD$450,000
Rent:
AUD$500/week
Detail
business type:
IGA Supermarket
Business
Ph:
After
hours ph:
Contact Details
Name:
Mr. Michael Langdon
Advertising
Nature:
Private Seller
Company
Name:
Phone:
0408 597 586
Mobile:
0408 597 586
Fax:
Email:
michaelflangdon@gmail.com
Website:
Suburb/State:
Bendigo / VIC
Postal Code:
3550
Country:
Australia
Comments:
Features
PYRAMID HILL STORE-IGA SUPERMARKET FOR SALE
Business: $450,000 + SAV
Freehold: $300,000 or rent at only $500 per week.
Turnover: $38,000 per week. Adjusted Net Profit $200,000+ pa. Set up to run under management with a Supermarket manager. Trading hours 5 and half days per week 8am to 5:50pm Monday to Friday, 8am–12 noon Saturday.
Pyramid Hill Store is a substantial building on a large parcel of land with 3 street frontages, with yard and shedding. This is essentially three businesses in one, with 3 income streams–IGA supermarket, CRT Rural supplies/hardware and a Bendigo Bank Agency. Business and freehold available separately.
Located in a small rural community with a population of approx 500 and a local area population of approx 1100, Pyramid Hill Store has a daily train service to Melbourne. While Pyramid Hill is a relatively small town it has much to offer in terms of lifestyle - a sunny, dry climate, hotel accommodation, coffee shops, a Post Office, various retail shops, a Catholic Primary School, a P-12 State College, an Aged Care facility, Police Station, churches, with numerous community organisations, sporting clubs and Visiting medical doctors are supported by the District Nursing Service.
* The supermarket offers a full range complete with deli, fresh produce, dairy, meat, freezer and extensive grocery section. There is ample car parking space.
* The CRT Rural supplies offers farm supplies, chemicals, stock food, fencing & hardware.
* The Bendigo Bank agency offer the local community banking facilities including deposits, withdrawals, loan applications, bill payment and change. Operating times for the Bank are Monday to Friday 10am to 4pm.
The current owners of the store have owned the store for 4 years and are selling due to personal family reasons.
Captive market – strong profits–strong farming community – good buying at this price.
