Established Ethnic Grocery Business - Owner Retiring After Long Successful Years

Enquiries Over $600,000 + Stock (Approx. $250,000)
Take advantage of this rare opportunity to acquire a well-established grocery retail business that has been serving its loyal community for years. Offering a wide range of Indian, Sri Lankan, Pakistani, Mediterranean groceries, spices, fresh fruit, and vegetables, this business enjoys consistent sales and multiple income streams from everyday essential products.
Key Features
* Owner retiring after long successful years
* Well-established grocery retail business with a loyal customer base
* Specialises in Indian, Sri Lankan, Pakistani & Mediterranean foods, spices, fresh fruit & vegetables
* Strong average annual turnover of approximately $1,800,000 (incl. GST)
* Healthy 28% gross profit margin
* Multiple revenue streams from essential grocery products
* Long-term lease in place until 2037
* Weekly rent: $1,400 + GST + outgoings
* Trading 7 days: Monday to Sunday, 9:00am - 8:00pm
* Owner-operated with:
* Full-time owner
* Part-time assistance from spouse
* One full-time staff member
* Excellent opportunity for:
* Owner-operators
* Family businesses
* Experienced retailers
* Investors looking for an established operation
* Strong reputation with repeat customers and consistent trading history
To learn more or arrange a confidential discussion, please copy and paste the link in your browser: https://vltre.co/8mT8Sr, and complete an online confidentiality agreement.
Listing Agent: Salil Wagle - 022 503 0985 or Email: salil.wagle@harcourts.co.nz

Agency reference #: MRL26698