City Fringe Supermarket

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Business Description

Located on one of Adelaide’s most popular retail strips, this store has been operating for some 30+ years as a supermarket. Trading 7 days per week, this business has established itself a great reputation among the locals over it's many years of operation. 

This area boasts excellent demographics with a concentration of people with high disposable income supporting high end gourmet items. The average gross profit for the store is 33% which is well above the industry average of 22-24%. The store has 11 parking bays for its customers to the side and to the rear of the premises and is monitored by a number of security cameras inside and outside of the store. 

The owners bought the business in July 2018 and are looking to sell the store now as they have recently acquired other business interests and are expanding in that field (not related to supermarkets).

 

At a Glance

• Good location among excellent demographic
• Parking to side & rear of store
• Trading 7 days per week
• Sales in excess of $1 million
• Operating as a supermarket for 30+ years