For Sale: $425,000
This incredibly rare fruit and vegetable shop have been trading for over 50 years. It is positioned in one of Sydney's most affluent suburb and is the closest positioned fruit and vegetable shop for over 15000 locals.
The business has a rich history in the community and is recognised as a family orientated business serving the locals with a smile.
The business has immense potential to increase revenue through deliveries, which has just implemented in the last month very successfully, and they are now up to 3-4 deliveries per day and growing.
The business specialises in premium quality fruit, vegetables, and flowers all fresh from the markets.
Since the COVID-19 crisis, the fruit shop has increased substantially in sales, and they have just had a record week at $69,000 in revenue, and of course proportionate profit.
Our client is aware that the business should be valued based on its consistent performance without taking into account COVID-19.
The average weekly performance of the business pre COVID-19 is detailed below.
Lease of 4+5 with rent at 7.3%
Includes 3bedroom unit for sublease or business owner occupancy
3 market runs per week, with heavy-duty truck included
Simple to run - requires 3 full-time staff
Huge potential to grow the business through deliveries
Specialises in premium produce and service with a smile
Weekly Financial Summary
Cost of Goods: $15,500
Gross Profit: $12,500
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