The Convenience Store is estimated to have started approximately 20 years ago. The current owner purchased the business about 1 year ago. At this time the business had been run down and had developed a poor reputation. The store required significant investment including plant and equipment to re-establish itself as a clean and working convenience centre for the local community.
The investment the owner undertook is estimated at $100,000 which has seen sales grow from about $4,000 per week to an average of $6,500 per week. We believe that more should and can be done to improve these sales further particularly in adding services/products and marketing.
The store is currently part of a buying group. It is suggested that maybe a change would be beneficial or establishing more support from this network is necessary.
Unfortunately time and money has taken its toll on the owner and he must sell the business. There are many opportunities to improve the business which we will discuss throughout IM.
The business will suit an extended family or husband and wife who enjoy a challenge and have a long term view. Most of hard work has been done and as a purchaser you will benefit from the refurbishment and be able start from a more suitable position.
This will be a bargain buy for someone who can see past the financials and who is willing to further invest in the growth. All offers will be considered so enquiry today.
Would you like more information? Contact your consultant today.
