Supermarkets have proven to be highly sought-after acquisitions. The SuperValue store in the buzzing port town of Lyttelton, near Christchurch, offers a unique entry-level opportunity.
Having successfully grown the business from scratch in 2014, the owners have engaged Sami Chesterton of Link Business Brokers Christchurch to market this opportunity.
SuperValue Lyttelton can boast year on year growth with sales now over $6.2 million.
“A supermarket of this size could be managed by one person or family looking for a solid and low-risk retail business, whilst enjoying a community-focused lifestyle,” says Chesterton.
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It takes a prime position in the centre of town, in the middle of London St, with ample parking out front and back giving easy access to shoppers.
“Location is always critical for supermarkets and the topography of the port and population size of Lyttelton means competition is very limited,” Chesterton says.
The supermarket is relied on for everyday provisions and a spot of good luck through the in-store Lotto outlet. Many use it as their weekly one-stop shop as it is the only supermarket in the town.
SuperValue is part of the Woolworths group. Being a franchise, it comes with the training and support needed to run the business.
Owners also benefit from centralised buying.
The current owners have put in place easy to replicate daily operating systems and will help new owners in the handover process.
“This has got to be one of the most exciting businesses to come to market this year,” says Chesterton. “Supermarkets rarely come to the open market.”
Contact: Sami Chesterton, ph 021 0297 8810,
— Article supplied by Link
