Salamanca Wool Shop - Woollen Clothing and Yarn Retail Store, Prime Location

Salamanca Wool Shop - Woollen Clothing and Yarn Retail Store, Prime Location

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Location Details :

Country

Australia

State

Tasmania

City

Battery Point


Industry :
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Financial Details :

Revenue

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EBITDA

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EBITDA multiplier

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About the business

The Phone Code for this property is: 66927. Please quote this number when phoning or texting.

Offered for sale, Salamanca Wool Shop at 69 Salamanca Place Battery Point, located in the convict-built sandstone frontage of Salamanca Arts Centre. The shop is 83.2 sqm and the lease includes a car park space. Price includes Stock at Value.

This high-quality retail shop has a dual focus:
1. offering knitwear, natural fibre garments and accessories; and
2. a wool store with a large range of quality yarns and knitting accessories that support the ongoing development of fibre art in Tasmania.
The focus of the shop is in line with the requirements of its lease with Salamanca Arts Centre.

It holds an incredible position along Salamanca Place with high foot traffic that easily converts from browsing to sales. With an excellent trading history and coupled with a loyal customer base, it is an ideal business for an owner-operator or a partnership. New owner/s can walk in and be operating the business from day one. This is due to the excellent staff, documented systems and stock levels that are in place. Whilst saying this a period of support and training will be part of the sale package.

The shop currently trades Monday to Friday 9.30 am – 5.00 pm, Saturday 9.30 am – 3.00 pm and is closed on Sundays and Public Holidays. It has an online presence at www.salamancawoolshop.com and is present on Facebook, Instagram, and google maps.

The business has significant IP in the form of staff, operational systems, mail lists, loyalty program, social media presence, supplier networks, dye recipes and proprietary knit patterns. All of these contribute to the revenue of the business.

Salamanca Wool Shop offers a loyalty program to those who register to be on the database (10K+).

The business has always paid the owners a wage. Separate to this are the staff comprised of 1 permanent part-time, and 3 casuals.

There is an opportunity for new owners to increase/improve the business, this is primarily in the area of social media presence/online sales and classes/yarn events held in-store.

If you see yourself owning this business and creating a new career following your passion for wool, then don't hesitate to contact Cheryl on 0437 083 477

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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