Established in the mid-1990s and under current ownership since 2019, Food Max is a proven Asian grocery store specializing in groceries and fresh meats. Located on a high-traffic site with ample parking, the store enjoys strong local brand recognition and serves a loyal customer base, with over half its shoppers of Asian descent.
Key Features:
Prime Position: Easy-access location with 250–300sqm of retail space and only one direct competitor in the nearby Westfield.
Established Operation: Reliable supplier network, modern equipment (refrigeration, meat processing, POS systems, valued at $65,000+), and streamlined systems.
Financial Snapshot: Average gross margin of 30–40%; stock approx. $200,000 (adjustable); monthly rent $11,812. Sublease income offsets rent by $1,800/month.
Experienced Team: Family-run, supported by part-time butchers and efficient operations.
Growth Potential: Room to expand into fresh fruits, vegetables, seafood, and online sales; can leverage WeChat group buying for further reach.
Opportunities & Challenges:
There is potential to expand product lines and attract more customers from the growing local Asian demographic. The business could benefit from upgraded fixtures and an expanded fresh produce section, while monitoring competition from nearby Asian food retailers.
Summary:
Food Max is a well-located, reputable business with clear avenues for growth, making it an attractive investment in a rising market. Interested buyers should contact the broker for further details and due diligence.
Reference Number: bus5963
Reference Number: bus5963
Marc Sax– Exceptional Business Broker Support from Start to Settlement Marc kept me informed every step of the way during the sale, including updates on conversations with solicitors. He followed through right to the endorsement settlement and was incredibly supportive throughout the entire process!
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Nizar Ali , 03 Apr 2019 “We engaged the Business Broker Tu Nguyen from Benchmark Business Sales to sell our Pizza Hut store and he got us to the finish line. Tu Nguyen did an excellent job for us. The level of communication and dedication in getting the sale across the line was first class and […]
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