Shop 2/29-31 Hardy Road, CAIRNS QLD, 4870
$395,000 + SAV
OLLYS FRIENDLY GROCER MT SHERIDAN CAIRNS
Olly’s Friendly Grocer Mt Sheridan is situated in a small strip shopping complex with a good retail mix, including an adjacent bottle shop. This truly is an immaculately presented convenience store in a prime suburban location. The business is in close proximity to schools and in the fast-growing southern corridor of Cairns.
The recent addition of a fully-fledged Golden Casket/Gold Lotto offer and the installation of 100 energy saving solar panels should guarantee an even more profitable result this financial year. Budgeted annualized Lotto sales are on track to be approximately $300,000 this financial year, also enhancing customer count and basket size.
The store is fully air-conditioned, and the quality fit-out includes state of the art security and dual point of sale scanning systems. Ample and convenient customer parking further enhances the consumer offer.
With annual sales, excluding Lotto, of approximately $1.4 million, Olly’s trades a convenient 6am to 8pm seven days a week. The operators’ alignment with a national banner group creates excellent buying power and investment buying opportunities.
Olly’s is currently run under remote management by passive investors and represents a great opportunity for either an owner operator or stakeholder to further improve the business performance.
The tenancy, with affordable rent and long lease tenure, provides an astute buyer the opportunity to acquire a quality, established business with an outstanding return on investment.
Call now, you will not be disappointed!