Listing #:5697873552
$460k Price Drop! - 50k per/w history - Supermarket+Liquor! - Live & Work
| Location: | Waitaki, Otago |
|---|
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)
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)
Business buyer’s checklist
Seller's details
- 97% positive feedback
- Member since Mar 2017
Expires: Fri 20 Feb, 1:14 pm
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