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Description

Ultimate turnaround project!!! This store operated as one of the longest-running Four Squares in New Zealand. It is a local icon. Historically, the store supported 4 full-time employees and required multiple checkouts to handle the volume.

Current owners purchased for $660,000. However, they have failed to run it as it should have been, this is NOT supposed to be run like a corner dairy, it is to be operated as a mini supermarket, with fresh produce, butchery, wines/beers, garden supplies, deli etc.

They are now seeking an urgent exit at $200,000 + Stock. A rare chance to acquire a high-capacity retail asset at a fraction of its value. You are buying an icon at a price reflecting its current state, but with proven history of a high-turnover supermarket.

You will need to invest!: Upgrade and rebrand to capture the $50,000+ /week in "lost" sales currently leaving the store. This store was one of the highest-volume ALT Vape stockists in the South Island!

The store holds an off-license to sell beer/wine, one of the few in NZ, which alone adds significant intangible value.

ONLY for someone who has the capital to fix, possibly refit the shop. Someone who understands supply chain management and the power of a "Grand Opening".

Effectively, you are buying a $660,000 business at a low entry price. An opportunity like this won’t be around for long.

The community already knows this location as a high-volume hub being a 40+ year old store. This is likely the best value-add retail opportunity in the South Island right now.

Serious inquiries only from those with capital to spruce up the place. Historical sales available upon signing an NDA.

Only respond if you have the capital and the experience to execute a turnaround, and know proper marketing principals.

  • Via Email: Name and Number
  • Via text: Name and Email
  • Only call if NDA signed

Price: $200,000 + Stock at Valuation

Retail rent $500 pw + opex (upstairs living option + $490 + opex)

Details

Location:
Waitaki, Otago
District:
Waitaki
Region:
Otago
Price:
Asking price: $200,000

$460k Price Drop! - 50k per/w history - Supermarket+Liquor! - Live & Work

Listed: Fri 26th Dec, 1:14pm
28 days, 22 hours, 57 minutes

167 others watchlisted

Asking price: $200,000

Pick up available, Auckland City, Auckland
N
nz.bains 97% positive feedback Seller located in Auckland City, Auckland
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About the seller

nz.bains

97% positive feedback
Location
Auckland City
Member since
Tuesday, 21 March 2017
View seller's other listings

$460k Price Drop! - 50k per/w history - Supermarket+Liquor! - Live & Work

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