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South Dunedin, 366 King Edward Street

The King of Grocery Is On The Market

$172,000 Plus GST (if any) + SAV

Listing Number: DU94825
About this listing
This grocery and convenience store is located on South Dunedin's main arterial route with plenty of off street parking and a very visible and inviting frontage primed for exposure, ease of access and business advertising space.
Due to its location; reputation, and pricing the business receives plenty of repeat customers that contributed to this small but growing business turnover in excess of $1.1 per annum. The store sells cigarettes, tobacco, drinks, confectionery, and general grocery items; with huge potential for more growth. Currently the business is staffed by 4 part time staff and working owner but ideally suit an owner operating couple. Consistent sales is a great offering to those wanting to step up from owning a dairy. Urgent sale due to owner relocating overseas. Call Graeme today for an information memorandum.
Asking price $172,000 plus SAV.
Property Information
  • Legal Name: Grocery King .co .nz (2016)
  • Business Name: Grocery King
  • Business description: Company No. 5836151
  • Business hours
    • Monday: 7am - 8pm
    • Tuesday: 7am - 8pm
    • Wednesday: 7am - 8pm
    • Thursday: 7am - 8pm
    • Friday: 7am - 8pm
    • Saturday: 9am - 6pm
    • Sunday: 10am - 6pm
  • Property Type: Retail food
  • Turnover $: Turnover: $1,078,358, Per: Until end of 2017
  • Lease details
    • Rent $: Rent: $2,200, Per: Month, Inc GST
  • Listing price details
    • Stock $: 123000
    • Intangible assets $: 93000
    • Total (plus GST if applicable) $: 295000
    • Tangible assets $: 79000
  • Number of staff
    • Full time: 1
    • Part time: 4

Contact Details

Harcourts Dunedin

Highland Real Estate Group Ltd

Licensed REAA 2008

16 Queens Gardens
Dunedin
Office website

Property Location

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