$1,200,000 + SAV ($350,000 approx.)
This well-established supermarket serves the local community with a comprehensive range of groceries, fresh produce, and specialty items. Located in a key regional centre on South Australia’s Eyre Peninsula, the area is known for its strong industrial base, coastal lifestyle, and growing tourism sector.
Currently run under management, the business operates seven days a week with a team of 33 staff, including six full time, six part time, and 21 casual employees. It holds a tobacco license and was granted a lotto franchise in September 2024, with the first terminal yet to be installed. This presents additional revenue potential for a new owner, with scope to expand the lotto offering over time.
The store is fully equipped and efficiently managed, ensuring smooth day-to-day operations. A long-term lease is in place for 10 years, with 2 x 10-year renewal options, providing security for future ownership. With its strong foundations and strategic location, this supermarket represents a solid investment in the essential retail sector.
Eunice Tan 0435 383 398 | Tony Iasiello 0412 217 608
Eunice Tan 0435 383 398
Goodwill including Plant & Equipment | $1,200,000 |
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Stock at valuation (approx) | $350,000 |
$1,550,000 |
Current Rent | $29,501.87 excl. GST |
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Lease Term | 10 years |
Right of Renewal | 2 x 10 years |
Outgoings | Paid by Tenant |