850. Gold Coast long history high profit convenience store for sale $550,000 +stock

AFW-convienience-storeThe convenience store is situated in a unique location on the Gold Coast.

-The store is situated in a unique location in Gold Coast.
- No competition. 20 years history.
-Shop size is >40 sqm.
-Monthly rent is $3,400 + GST + outgoings $50 p/w.
-Current weekly sales is around $20,000.00 inclusive GST.
-High GP.
-Selling a variety of groceries, confectionary, newspapers, magazines, bread, milk, banana bread, pies, sausage rolls, sandwiches, drinks, tobacco (less than 10% of total sales) and go cards.
-Business does not need a food licence.
-10 years new lease. 4% increase per year.
-Trading Monday-Friday 4:30am-6:30pm. Saturday-Sunday 6:30am-7:30pm.
-Owner works 20 hours p/w; in charge of purchase and ordering.
-3 staff at $25 p/h each. Total staff wages is $1,500 p/w.
-Total yearly net profit is around $200,000.00 inclusive one owners 20 hours wages.
-Call Alice on 0432 843 715 to arrange an inspection and for further business details.