Sold - CAIRNS QLD, 4870
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Food Hospitality
Released for the first time publicly to the market, these two booming supermarkets are in the teeming Northern Beaches suburbs of Cairns. Boasting combined gross sales in excess of $6.9M ex GST, each store is an accredited Lotto outlet and provides a broad customer offer.
The Seller oversees both businesses in an administrative capacity only and has virtually zero front of house presence.

Store 1- Spar Holloway’s Beach

• Exclusive offer to the suburb
• Accredited Lotto Agent
• FY 20 ex GST sales circa $4m
• Tobacco sales less than 35% of Total Sales
• New lease on offer on similar terms
• Ample front door customer parking
• Plant and Equipment in good condition
• Full delicatessen, meat and fruit and vegetable offer
• Separate office and storeroom

Store 2- Spar Express Campus

• Located in the busy strip Campus shopping centre opposite James Cook University, with adjacent student accommodation
• Sprawling catchment with further housing construction in the pipeline
• Good retail mix including bottle shop
• Accredited Lotto Agent
• FY 20 ex GST sales circa $3M
• Tobacco sales less than 35% of total sales
• Lease term more than 3 years with a further 5 year option
• New Catholic High School about to be constructed opposite
• Ample front door customer parking
• Fully maintained Plant and Equipment
• Separate kitchen and food preparation area
• Broad inventory range

The Seller may consider selling both businesses individually, but it is his preference to exit in a package. The business opportunity is ideal for extended families, arms’ length investors or owner/ operators. Combined FY20 net profit exceeded $600K, so even in employing a Manager to oversee both stores, a handsome ROI is achievable. Each store has continued to thrive throughout COVID.

Buyers are urged to inspect as this unique offer will not last!
General Features
  • Type: Food Hospitality
Bruce Barclay
4031 5228
0419 783 637
Fritz Herscheid
4031 5228
0408 738 739
Email Agent:

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