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Roy Levy
02 9413 2977

Ad reference: RN 560

Book Store North Shore est 52 years

Summary

This iconic and popular book store is strategically situated in a popular Shopping Centre and has been trading for over 50 years. Fantastic fit out, long serving and experienced staff, huge cash flow.

Revenue:

$1,640,000 pa

Rent:

$248,000 pa

Expenses:

$1,202,000 pa

Net Profit:

$190,000 pa

Location Details

The store is located in on the ground floor of the Shopping Centre and includes a small back office/storage room which houses the owner, manageress and 1 other staff member.
There is another storeroom downstairs for excess stock.

Potential

A great opportunity to buy into an existing book store with an excellent and respected name, situated in an extremely good location.
The local area is renowned for its excellent schools and this target market can be tapped further by direct marketing to these schools.
Website is all in place. Opportunity to increase marketing penetration through social media.
Many new residential developments are being built in Ku-Ring-gai which will mean more residents will be living in the area requiring the products being sold by this business.

Skills

Retail experience and a passion for books would be an added advantage. However the senior staff have been at the busienss for many years and the owner is wiuklling to provide the necessary hand over and continue thereafter as a consultant if required.

Hours

Daily 9 am to 5.30 pm and Sundays 10 am to 4 pm

Lease

Lease expires in 2018 however we expect a new buyer to receive a new lease before proceeding with the purchase.

Employees

Owners plus senior staff plus casuals. some of the senior staff have 10 years plus experience.

Reason for Sale

The owner wishes to retire and travel

History

The business has been operating for 52 years. The present owner has owned the store for the past 18 years and remains in the same location. The store underwent a revamp with a new design in 2013.
The store has been a consistent performer and caters for its specific client base in the Upper North Shore. The owner has been able to “finetune” his stock to the needs of the local community and the strong schools’ environment and surrounding suburbs.

About the Business

This iconic and popular book store is strategically situated in the popular boutique St Ives Shopping Centre and has been trading for 52 years. This centre boasts the highest sales m 2 of any independent shopping centre in NSW.

The store itself was totally refurbished at considerable cost in 2013 and looks impressive. The value attributed to the fixed assets in the event of a sale will be considerable, making this an attractive feature for tax purposes. Books are purchased on a “sale or return” basis which reduces the chances of dead or slow-moving stock. It carries a comprehensive range of book categories that one would expect to see in a book store of this nature as well as accessories such as greeting cards, etc. The store is extremely well managed and has experienced and long-serving staff. The owner now wishes to retire after 20 years ownership, but is willing to train and work with the new owner for as long as is necessary for a smooth transition. Fully computerised software reference systems enable access to listings of hundreds of books published. This makes for easy transition to a new owner. The suburb in which it is based is undergoing huge new property developments with hundreds of new apartments being built. This influx of additional residents augurs well for retail businesses in the area due to anticipated population growth. The suburb also has a predominance of private and public schools. This store caters for the school market which provides an important and continual income category. It is the only major book store within 15 Km of its location.

The Website is being upgraded and needs a new and energetic owner to provide impetus to this important side of retailing- exciting growth prospects await in this area. Ideal business for a husband and wife

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