Barrier Reef Business Brokers Phone : 07 4031 ****
Bruce Barclay
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OLLY'S FRIENDLY GROCER SHERIDAN STREET

Listing Id : 257270

Location : Queensland - Cairns

Category : Convenience Stores

Asking Price : OFFERS OVER $950,000

Business description

Situated on a busy inner-city, highway location, this Cairns convenience store is an ideal opportunity for a working couple, extended family or passive investor. Currently operated under management with limited owner input, Olly’s Friendly Grocer Sheridan Street presents immaculately, featuring upgraded plant and equipment and point of sale. Other features of this outstanding opportunity include: •Annual sales in excess of $3 million •Long lease, with rent as a % of turnover being less than 4% •Close proximity to Hotel & Motel accommodation •Ample, convenient customer parking •Fully trained, loyal staff •Repeat clientele •Great cash flow business •Full customer offer, including grocery, convenience, fruit and veg, cigarettes & BBQ chickens •Impressive financial performance, with return to owner in excess of $400k •Active promotional programme and Friendly Grocer banner support The exiting owner has decided to consolidate his business interests. Based on turnover, profitability, location and favourable lease, a savvy Operator/ Buyer will be provided with a great return on their investment. Inspections are welcome!


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