The Little Shop at Ettalong Beach could be a goldmine for hard workers.Source:Supplied
Ever dreamt of starting a business like a corner store, takeaway shop or cafe in a popular seaside town?
The Little Shop at Ettalong Beach, advertised as “buy the property, get the business at no cost”, includes a commercial kitchen, three bedroom house and DA approved granny flat plan is on the market with a price tag of $750,000.
The current owner has a turnover in excess of $660,000pa.
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The site has a huge amount of potential.Source:Supplied
The current set-up is a General Store, but there is potential for an array of different businesses.Source:Supplied
Agent Stephen Gribble from Domain Property Group Central Coast said that there was a huge amount of opportunity for a buyer who was willing to roll up their sleeves.
“For a business like this, you really need to be working seven days a week. So it will take a certain type of buyer,” he said.
“Other small stores around the Peninsula are thriving, with a 50 per cent profit run.”
Mr Gribble said that there were ideas floating around for what could potentially be done with the business.
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For example, if the wall to the lounge room were to be removed, there would be room for a cafe with seating at the front, residents would then reside upstairs.
Rental return for the house, shop and potential granny flat could add up to around $1375 per week and the owner is also open to renting out the site to buyers instead of selling.
“The owner has done well with the business, but is winding down now and ready to retire,” Mr Gribble said.
“The site is a potential goldmine, but you would need to put the hours in.”
Originally published asGet the business for nothing