Under Contract - CAIRNS QLD, 4870
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Food Hospitality
$1,300,000 + SAV
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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