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Opportunity For The Astute Investor Or Owner Operat

Newtown, 241 Riddiford Street`

$120,000 Incl GST + SAV

Listing Number: WL10498
About this listing
If you are looking for an easy to operate business which is ideal for a first-time hands-on owner operator or a family run business, then this is it! Payless Mini mart.

About the business:
This dairy business is well presented and nicely set up in Newtown. The store has great frontage and has immaculate street appeal situated within a bustling residential area. This business has been stable for many years and the current owner has owned and run the business for more than two years and is reluctant to let it go. It has a great net profit (which is managed net profit) so you can run this business remotely.

Opportunities:
Currently this business has multiple income streams with the retail dairy, money gram, RIA, snapper and mobile card sales. The money transfer business covers up to 80% of current fixed overhead. Based on the customer feedback there is an opportunity for the new owner to expand and use some of the shop space perhaps for a coffee set up or a juice station as there is nothing close by. There is ample scope for many such innovative ideas to expand the business further. This is a great opportunity not to be missed.

Finances and operating hours:
The business is priced at $120,000 + stock (approximate stock amount is $30,000 to $35,000).
Operating hours are - Monday to Friday from 7.00am to 7.30pm, Saturday from 8.00am to 8.00pm and Sunday 9.00am to 6.00pm.

Additional information you need to know:
The rent is very low and the business has a very good turnover. With an increase in the operating hours you could increase the sales. The owner is currently focused on multiple ventures, café and restaurants for which more liquidity is needed, so the dairy store is for sale.

Priced to sell at $120,000.

For an opportunity to obtain more business information or view the business please contact Ken Dentice at 021447540 or email at ken.dentice@harcourts.co.nz


Property Information
  • Business Name: Payless Mini Mart
  • Business hours
    • Monday: 7.00am - 7.00pm
    • Tuesday: 7.00am - 7.00pm
    • Wednesday: 7.00am - 7.00pm
    • Thursday: 7.00am - 7.00pm
    • Friday: 7.00am - 7.00pm
    • Saturday: 8.00am - 8.00pm
    • Sunday: 9.00am - 6.00pm
  • Property Type: Retail general, Other (Dairy)
  • Turnover $: Turnover: $10,000, excl GST, Per: week
  • Lease details
    • Rent $: Rent: $600, Inc GST, Per: week
    • Start: July 2016
    • ROR: 3
    • Reviews: 3

Contact Details

Property Location

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