About the Business

KEY FEATURES
• Established 38 years – only 2 owners in history
• One of the most prominent retailers in town
• Premium CBD main street location with constant foot traffic
• Large-format store (~800sqm) with rear access & loading dock
• Approx. $380K stock holding (balanced and easy to manage)
• Above-industry gross profit (55%+)
• Approximately 20% cash sales component
• Fully fitted kitchen, staff amenities, and extensive storage
• Upstairs space with potential to expand revenue streams (e.g. online sales or new concepts)

OPERATIONAL STRENGTH
• Fully under management with experienced full-time manager
• Supported by 2 full-time staff plus casual team
• Owners operate in the background (supplier negotiations, financial oversight, staffing)
• Opportunity to reduce wage costs through family involvement

PLANT & INFRASTRUCTURE
• 35KW solar system (only 6 months old) delivering significant power savings
• State-of-the-art $20K surveillance system
• Multiple air-conditioning units and fans throughout
• Efficient layout with strong stock flow and storage capacity

FINANCIAL SNAPSHOT (FY26 RUN RATE)
- Weekly sales: ~$26,500

- Weekly averaged Cost of Goods @45% $11,925

- Total weekly wages including owners ($1,855) $6,000

- Weekly rent $3,700 (including GST)

- Weekly Miscellaneous. expenses $2,000

- Total weekly expenses $23,625

- Net profit weekly $2,875

- Add back owners wages $1855 + misc. (including directors’ drawings)

- Annual SDE $292,000

LEASE

- Sellers own the freehold

- Rent will be set at $175K per year for the entire shop of 800 sql @ $218 per sqm

- Rent equates to approximately 12% of shop takings based on 2026 FY

- Lease offered 3x3x3 with 3% increase annually

- Tenant to pay all outgoings (excluding land tax)

WHY THIS BUSINESS?
• Proven essential retail model – resilient in all conditions
• Strong margins with diversified product mix
• Immediate cashflow from settlement
• Significant upside via online expansion and utilisation of upstairs space
• Lifestyle and income opportunity in a high-demand coastal region

IDEAL FOR
• Investors seeking passive income
• Family operators looking to optimise wages
• Retail groups expanding footprint
• Sea-change buyers
• Visa applicants (subject to independent advice)

High-performing NORTH NSW coastal variety store delivering approximately $292K SDE, 55%+ GP, under management, with strong foot traffic, expansion upside, and a 38-year proven track record.