Under Contract - 229 Sheridan Street, CAIRNS QLD, 4870
OFFERS OVER $690,000
OLLY'S FRIENDLY GROCER SHERIDAN STREET
Situated on a busy inner-city, highway location - and directly opposite the soon to be constructed Cairns University Hospital - this Cairns convenience store is an ideal opportunity for a working couple, extended family or passive investor. Currently operated under management with limited owner input, Olly’s Friendly Grocer Sheridan Street presents immaculately, featuring upgraded plant and equipment and point of sale.
Other features of this outstanding opportunity include:
•Annual sales in excess of $3.2 million
•Long lease, with rent as a % of turnover being less than 4.5%
•Close proximity to Hotel & Motel accommodation
•Ample, convenient customer parking
•Fully trained, loyal staff
•Great cash flow business
•Full customer offer, including grocery, convenience, fruit and veg, cigarettes, BBQ chickens and gas bottle exchange
•Impressive financial performance, with return to owner in excess of $300k
•Active promotional programme and Friendly Grocer banner support
The exiting owner has decided to consolidate his business interests. 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!