Listing status: Inactive

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Retail - Homewares - Gifts - Under Management - Homewares - Under management. - Sales $22,000 p.w. - Net $6945 p.w. - M2104

Industry: Professional - All, Professional - Brokerage, Professional - All, Professional - Brokerage | Listed by: SBX Business Brokers


Key Strengths:


About the business

Retail - Homewares - Gifts - Under Management - Eastern Suburbs - Agent SBX Code Number: M2104

Retail serving a large selection of homewares and giftwares. -It has a variety of sections offering home furniture, home decor, home fragrances, home functional and home gifts. - The main products are sourced from Australia and China with quality, durability and affordability of trusted brands. - The business has been established for almost 12 years and is still strong and profitable through Covid-19.

Potential
Promote internet sales and home delivery. A hands on active owner operator could increase sales and profit.

Features
Successful business for many years. - Loyal customers. - Quality brands. - High margins. - Stable income. - Owner is not working in the shop. - Well priced to sell.

Premises
Bright and orderly shop with an area of 250 m2.

Location
Perfect location in lively shopping area of affluent Eastern Suburbs.

Trading Hours
7 days - 9 a.m.- 7 p.m.

Lease
New 5 year lease commences 1st July, 2021. - First years rent is $160k plus gst. -Second years rent is $170k - Third year has an option rent $230k or negotiate new rent depending on market conditions.

Employees
Under management - 3 staff

Comments
The rent includes all outgoings. - Misc.- 1- Refers to bank merchant fee and other general business expenses. First time on market in 12 years. - The financial reports are available to view for sincere and some retail experience buyers. - A great investment opportunity. - Inspection is highly recommended.

Figures
Weekly Sales $22000
Rent (ex GST) $3075
Wages $2500
Profit $6945


Agent SBX Code Number: M2104 - SBX Business Brokers
Know someone that could be interested in this?
Asking Price:
$298,000
Yearly Profit :

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Country

Australia

State

New South Wales

Suburb

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Postcode

2011

Locality

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Established on
1988

Revenue

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EBITDA

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No. of employees

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Lease period

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Stock

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Contact Details Verified

EmailEmail Address

Email Broker Verified

Advertiser Details
Company Logo
New South Wales
Australia
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