THE BARLMARRK SUPERMARKET (Formerly the BAC Tucker Run)

expansion funded by first business loan

The Tucker Run, the most profitable BAC enterprise, has become a large retail facility in the space of only six years. This expansion has been driven by customer demand for more retail choices within Maningrida. The original premises, a larIge unlined tin warehouse, have become inadequate. A modern air conditioned supermarket cum variety and electrical store where an extensive range of stock can be well displayed is now required to keep pace and abreast of customer expectations.

Consequently the Corporation has borrowed $500,000 from the ANZ bank to fund a two part building and refurbishment program. Stage 1, additional retail space, is almost complete. The Tucker Run will operate from this area while stage 2, relining and refitting the original shop premises, takes place.

The bank loan, the first for BAC, reflects the confidence the Corporation has in the ability of this business to both repay the loan and generate profits which can be reinvested in further employment and business opportunities. Turnover continues to increase, 2006 $4,940,101 (2005 $4,656,354) and $113,772 was paid in top ups (additional income above the CDEP payment) to Aboriginal staff this financial year, a 12% increase on the previous year.

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