Under Contract - 383 Sheridan Street, CAIRNS QLD, 4870
Reduced $495,000 + SAV
Situated on a busy inner-city, highway location, this Cairns convenience store is an ideal opportunity for a working couple or extended family. Currently operated by one working owner, North Cairns IGA-Xpress presents beautifully, featuring upgraded plant and equipment and point of sale.
Other features of this outstanding opportunity include:
•Annual sales in excess of $1.9 million
•Long lease, with rent as a % of turnover being less than 4%
•Close proximity to School and unit complexes
•Ample, convenient customer parking
•Fully trained, loyal staff
•Great cash flow business
•Full customer offer, including fruit and veg, fresh sandwiches, BBQ chickens and “hot box”
•Impressive financial performance, with return to working owner in excess of $200k
•Active promotional programme and IGA banner support
The exiting owner is selling due to retirement, and has reduced the price to $495,000 plus SAV. 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!