Exeter IGA Everyday
EXETER IGA EVERYDAY – BUSINESS FOR SALE
$480,000 + SAV + EQUIPMENT
Established Independent Supermarket | Strong Community Location | Long-Term Lease Opportunity
An exciting opportunity to acquire Exeter IGA Everyday, an established independent supermarket serving a growing local community and benefiting from both resident and tourism-driven grocery demand.
This is an excellent opportunity for a family seeking a business with lifestyle flexibility, an experienced retail operator, or an investor/semi-passive owner looking to acquire an established grocery business.
BUSINESS HIGHLIGHTS
- Purchase Price: $480,000 plus stock and equipment
- Monthly Rent: $7,552.20, Annual Rent Review: Fixed 3% per annum, Current lease is in its 2nd renewed term, Current lease expiry: 25 May 2028, further 5-year renewal option, providing potential tenure through to 2033
- Supermarket size: 388 square metres
- Trading 7 days per week, 365 days per year
- Established IGA Everyday supermarket banner
- Recognised independent supermarket brand with group buying and supplier support
- Extensive range of grocery lines, strong focus on fresh produce and everyday essentials
- Located within a growing community
- Benefits from consistent, non-discretionary grocery demand
- Customer base supported by both local residents and tourism
- Suitable for an owner-operator, family business, investor or semi-passive owner
ESTABLISHED SUPERMARKET OPERATION
Exeter IGA Everyday provides customers with a broad range of grocery lines and everyday essentials under a recognised independent supermarket banner.
The business benefits from the purchasing power, group buying arrangements and supplier support available through the IGA network, while retaining the advantages of an independent local operation.
With the business trading 365 days a year, there is an opportunity for a new owner to continue the established operation while exploring further opportunities to grow sales, improve efficiencies and develop the customer offering.
LEASE & OCCUPANCY
The business operates from premises with a current monthly rent of $7,552.20, with a fixed annual increase of 3%.
The lease is currently in its second renewed term and expires on 25 May 2028, with a further 5-year renewal option available, providing potential lease tenure through to 2033.
FINANCIAL INFORMATION
Financial Statements are available from the Accountant upon completion of a Privacy Statement.
This provides genuine prospective purchasers with the opportunity to review the business's financial performance and undertake appropriate due diligence.
AN OPPORTUNITY TO MAKE IT YOUR OWN
Whether you're looking for a family-operated business, an opportunity to transition into supermarket retail, or an investment/semi-passive ownership opportunity, Exeter IGA Everyday offers an established platform from which to operate and potentially grow.
With everyday grocery demand, an established customer base, recognised supermarket branding and a growing community, this is an opportunity worthy of inspection.
PRICE: $480,000 + STOCK + EQUIPMENT
Confidential enquiries welcome.
For further information or to arrange an inspection, please contact:
Vito Giarrusso
Mobile: 0439 655 879
Email: exeterigaeveryday@netspace.net.au
Financial information is available to genuine prospective purchasers upon completion of a Privacy Statement.
Purchasers should undertake their own independent investigations and due diligence regarding the business, lease, financial performance and associated assets.
