Knight Frank have been exclusively appointed by the Vendors of ‘Ritchie’s IGA X-Press‘ to sell their going concern for the first time in 27 years. During the last 27 years, the owners have progressively updated and modernised the store, its layout and plant/equipment. These efforts have resulted in continued growth in turnover.
Ritchie’s provides a superb opportunity to purchase a unique going concern which has established a very strong reputation with locals over many years. Ritchie's provides a wide range of traditional grocery lines, fruit and vegetables, including local produce, large deli, hot/cold lunches (including roasts), BBQ chickens, sandwich bar, discount cigarettes, mobile phones and recharge station, fresh popcorn and gardening section under the IGA banner. Provided financials indicate a solid level of sales, with an increasing trajectory and stable net profit.
The freehold property provides a car park and building with gross building area of some 473 sqm. The store comprises a ground floor retail area with a spacious upper level family residence. The property is well laid out and benefits from a significant level of fit out, plant and equipment.
For further details, please contact Knight Frank.
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