87 Hill Street Port Macquarie NSW 2444
$550,000.00

DESCRIPTION

Phone enquiries - please quote property ID 25477.

The Hill Street Store is that great corner store we have all loved, and here in Port Macquarie, this store is practically an icon, as it is been around for 50 years! Current owners of 18 years have thoroughly enjoyed running the business and being part of this extremely vibrant community with the luxury of having weekends off all year round.

Port Macquarie has skyrocketed over the last 5 years with plenty more to come. A huge amount of development and expansion along with an ever-increasing population. Now with approximately 50,000 residents, Port Macquarie is the fastest-growing place in New South Wales.

The Hill Street store is your ‘real convenience store’ with groceries, deli items, sandwich bar, snacks, pies, cakes, coffee, cigarettes/tobacco, ice, Swap&Go gas and much more.RECENT ADDITION OF INSTANT SCRATCH-ITS

Currently run by a husband and wife team, with excellent staff in place. Ideally suited for 5 people to effectively run efficiently. Note: staff are willing to stay on which will be a godsend to the new owner.

Turnover is approximately $4m p.a. with good nett profits.

Everything you need is here including excellent, top quality equipment:-

* 2 Moffat ovens (new)
* Electric Deep fryer (new)
* Hot chip dump (new)
* Massive Deli Display case
* 2 Pie warmers (1 new, 1 older)
* Large Cake cabinet (new)
* Mobile Cool room (for hire)
* Shop cool room
* Large smoke display (8 bays) plus onsite storage cupboards for back-up cigarettes
* Double group coffee machine and grinder (Boema)
* Donut Maker
* Robo coupe (for cutting food up)
* Meat Slicer
* Commercial above bench Mixer (new)
* Full electronic signage inside shop
* Gifts and tobacconist items (lighters/vapes/gifts)
* Chemical dispensing units throughout shop
* New uniforms (January 2021)
* Facebook & Instagram
* A full list can be provided

Owner is selling the business with the freehold available for a negotiable price. The business includes all fixtures, fittings and equipment. Stock will be sold at valuation which is approximately $250k (including cigarettes).

The freehold consists of:
* Freehold title: LOT 2 DP1046595
* 702m2 of land
* Buildings: approximately 300m2
* Solar (new)
* New roof
* Ducted air conditioning (25KVA system)
* Fresh paint inside & out

Alternatively, a solid lease can be negotiated.Approx $1500 a week plus GST with a 5/5 term or 3/3.
For a business that has withstood all of the economy's ups and downs over the last 50 years including the global financial crisis, the GST introduction, and of course now COVID-19 (considered an essential service), it goes without saying this is a solid business with a good work/life balance and very worthy of your consideration.

Business price has been reduced dramatically to assist with interest rate hikes to help the new owners get started....ITS TIME!!

Enquire today.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.