IGA Supermarket – North Brisbane (Store Managed)

IGA Supermarket – North Brisbane (Store Managed) — Retail · North Brisbane · Asking $1,695,000

Neighbourhood IGA supermarket north of Brisbane, on the same site since 1996 and under the current banner since 2016 Runs under a store manager, so the cost base already carries the wages an owner would otherwise draw 250 sqm floor plate with occupancy costs pegged at 5% of sales and a lease running to April 2028 plus options Gross margin 35.5% and an adjusted net margin of 18.9% Catchment is…

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IGA Supermarket – North Brisbane (Store Managed)

Supermarket

ActiveRetailQueenslandB2C

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Asking price

Revenue (est.)

Earnings (est.)

Typical multiple

Brief

Neighbourhood IGA supermarket north of Brisbane, on the same site since 1996 and under the current banner since 2016
Runs under a store manager, so the cost base already carries the wages an owner would otherwise draw
250 sqm floor plate with occupancy costs pegged at 5% of sales and a lease running to April 2028 plus options
Gross margin 35.5% and an adjusted net margin of 18.9%
Catchment is slated for further housing, giving a volume path without new sites

Supermarkets in Queensland

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Listed

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Median asking

$795K

33 priced

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$3.1M

27 disclose

Earnings multiple

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This listing · $1.7M

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