$300,000

18 / 25-35 King Street, Grafton NSW 2460

$300,000

18 / 25-35 King Street, Grafton NSW 2460

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FREE CHOICE TOBACCONIST GRAFTON (Kenny's Menswear & Tobacconist)

* Average Total Revenue last 5 years: $5.97M per annum
* Average Net Profit last 5 years: $318,000
* Monthly rent: $3000 plus GST
* S.A.V. ~ $200,000

Established over 20 years and located next to Coles in the Grafton Food Emporium (Grafton Mall) located on the corner of King, Queen & Pound Streets.

The mall is widely regarded as one of the best pedestrian and vehicular access malls of its type in regional NSW.

Traditional format - smokes shop with giftware and confectionary lines.

Cheap rent of $35 000 per year plus GST and virtually no outgoings. Current owners are about to exercise their next 5 year option to take effect June 2020.

Superb sales figures with turnover of $6.35M last financial year (up from $5.84M the previous year) and net profits of $430 000 for FY2019.

This is an excellent business for a husband and wife team with our current vendors working modest hours with support from 3 long term casual staff (all happy to stay on for new owners).

Current opening hours are M-F 7.30am - 6pm, Sat 7.30am - 2pm, Sun 8am - 4pm.

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