SOLD – Foodworks Supermarket – Grocery and Liquor Store – Geelong, VIC 

Description

Turnover: $640k – ROI approx. 20% – No Competition 

Easily run by an Owner-Operator or Manager with P/T staff, Foodworks Geelong is a solid investment with growth potential in an expanding location. 

The new owner will benefit from the many new Hotels and Residential Developments springing up within 200mof this business – plus the group buying and marketing power of Foodworks. 

Business Highlights: 

• Very well-known Local Store – Loyal customer base 
• Extended from Liquor Store to Foodworks business in 2017 
• Premises approx. 300sqm – Large floor space &storeroom area 
• Central Geelong location – Only Grocery & Liquor store in the area 
• Marketed through Social Media & weekly Foodworks Group promotions 
• Customers include Locals, Tourists, Visitors 
• Trading hours can be extended into the evening – Liquor License permission till 11 pm 
• Total Asset Value$210k including stock 
• 2 weeks’ vendor assistance provided to new owner 

With its long lease and prime position, the premises have the space and potential to develop new product lines or a small takeaway. 

Geelong is home to the largest greenfield planning project in regional Victoria – set to welcome around 110,000 new residents. 

This regional city has experienced unprecedented growth, attracting many new services, developments and investors. 

Price:$139,000 + SAV + GST if any