1 Ridge Drive

Alice River QLD 4817

Successful Business
Freehold Title
3,841 m2
DA Approved for Convenience Centre
All Systems and Procedures in Place
Easily Run
Great Staff
Main Road Frontage
Easy Access
Well Presented
Accountants Figures
Potential Plus
Rupertswood Store and Service Station including the freehold property is now being sold after 30 years trading under the original owners. Rupertswood Store and Service Station is very successful business and is ripe for the picking for redevelopment as the owners sought and gained DA approval on the site.
The DA is fully paid for including plans and required head works (approximately $80k) this approval also has been granted in writing with a 4 year extension til April 2018. The owners have also engaged dialogue with a potential builder and a well-known retail brand in readiness for development.
The owners are at the same time in the process of developing a Tavern located adjacent to the Rupertswood Store and Service Station. This development will include additional service based tenants like Doctors and Hairdresser again with dialogue already taken place.
The Shop and Service Station is a successful business in its own right and grown massively in the current ownership, current shop turnover represents approximately $1.8m. Huge opportunity from growth exists with expansion in many offerings.
The business is computerized, an upgrade to the Point of Sale System will take place in the near future, the cost of which will be added to the sale price if completed prior to the sale. Rupertswood Store has an annual wages bill of approximately $250k currently employing 13 staff comprising of 8 seniors and 5 juniors. The owners have worked towards having minimal input to the day to day running of the business but do keep a hand in overseeing rosters and buying etc.
The business trades 7 days, 5.00am til 8.00pm with Sunday only having a 6.00am opening.
The current owners are aging and have decided to focus on slowing down, development plans for the tavern etc. will involve input by other family members to assist in their slow down. Make no mistake this business will be sold. New to the market this business is appropriately priced to sell at $1,200,000 + SAV. (Approximately $70,000)
For more information on this great opportunity, contact Denny on 0409 639 366.