Listing #:5697873552
$400k Price Drop! - 50k per/w history - Supermarket+Liquor! - Live & Work
| Location: | Waitaki, Otago |
|---|
Ultimate turnaround project!!! Purchased for $600,000, the current owners 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 a business at a price reflecting its current state, but with the infrastructure and proven history of a high-turnover supermarket.
Market: Rebrand and relaunch to capture the $50,000+ /week in "lost" sales currently leaving the store. This store was previously one of the highest-volume ALT Vape stockists in the South Island.
Strategic Location: Situated on the main highway with high visibility and easy access for both locals and travelers.
50-Year Legacy: Deeply embedded in the community with a loyal, long-term customer base waiting for a refreshed offering.
Rare Liquor License: The business holds an off-license to sell beer and wine, which alone adds significant intangible value.
Diversified Income: Alongside a high-margin Deli section, pet food has been a huge seller here, which makes the store a one-stop local destination that competitors simply cannot match if in the right hands.
Value Add: Ideal for an owner-operator who understands supply chain management and the power of a "Grand Opening" rebrand.
The issue: When sold to the current owners, a significant portion of the revenue decline is attributed to management and stock inconsistencies.
Effectively, you are buying the infrastructure of a $600,000 business at a low entry price due to the current drop in figures. An opportunity like this won’t be around for long.
The store is primed for a "Fresh Start" marketing campaign. The community already knows this location as a high-volume hub being a 50 year old store. This is likely the best value-add retail opportunity in the South Island right now.
Serious inquiries only. Data room access (historical sales and forecasts) available upon signing an NDA.
Price: $200,000 + Stock at Valuation
Retail rent $500 pw + overheads (upstairs living option + $490)
Market: Rebrand and relaunch to capture the $50,000+ /week in "lost" sales currently leaving the store. This store was previously one of the highest-volume ALT Vape stockists in the South Island.
Strategic Location: Situated on the main highway with high visibility and easy access for both locals and travelers.
50-Year Legacy: Deeply embedded in the community with a loyal, long-term customer base waiting for a refreshed offering.
Rare Liquor License: The business holds an off-license to sell beer and wine, which alone adds significant intangible value.
Diversified Income: Alongside a high-margin Deli section, pet food has been a huge seller here, which makes the store a one-stop local destination that competitors simply cannot match if in the right hands.
Value Add: Ideal for an owner-operator who understands supply chain management and the power of a "Grand Opening" rebrand.
The issue: When sold to the current owners, a significant portion of the revenue decline is attributed to management and stock inconsistencies.
Effectively, you are buying the infrastructure of a $600,000 business at a low entry price due to the current drop in figures. An opportunity like this won’t be around for long.
The store is primed for a "Fresh Start" marketing campaign. The community already knows this location as a high-volume hub being a 50 year old store. This is likely the best value-add retail opportunity in the South Island right now.
Serious inquiries only. Data room access (historical sales and forecasts) available upon signing an NDA.
Price: $200,000 + Stock at Valuation
Retail rent $500 pw + overheads (upstairs living option + $490)
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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