Summary
One of Townsville, North Queensland’s treasures is up for sale! We stock quality books on all subjects, an electic selection of gifts, from puzzles to backpacks, stationary, cards and chocolate.
Revenue
$850,000 pa
Rent
$85,000 pa
Location Details
414 Flinders St
Mary Who? Bookshop is in the CBD, hub of food and arts in Townsville's CBD, 2kms from the iconic Strand
Potential
There are huge opportunities for growth of the business - within the physical store itself (the lease allows for coffee shop/ eatery) and with developing an online ordering and sales platform.
Skills
Would suit a motivated couple or partnership
The current owners are happy to assist with the transition process for as long as required.
Hours
We are open 9-5.30 M-F & 9-1pm Sat & Sun
Lease
expires Nov 2025 with a 3 year option
Employees
1 part-time (30hours per week) 1 casual 15-20 hours per week, 2 owners 35-40 hours per week
Reason for Sale
Owners retiring
About the Business
One of Townsville, North Queensland’s treasures is up for sale!
Take advantage of the amazing weather and lifestyle and make that sea change to tropical Townsville.
When you walk into the Mary Who? Bookshop, in the main street of Townsville, you enter an enchanting world of books and culture. With its ramp entrance, high ceilings and custom made shelving, this is a bookshop like no other.
Family owned and established in the city’s CBD for over 40 years, it has been with the current owners for 26 years, who are now looking to retire.
It is one of North Queensland’s best kept secrets.
Now is a perfect time to buy this iconic and well-established independent business. 2022 is witnessing a change in Australia’s demographics, and North Queensland’s subtropical Townsville is the place to be. Townsville is on the coast about half way between Brisbane and the tip of Cape York and has a population of just under 200,000.
With two universities, the third largest sea port in Queensland, bulk sugar terminals, the largest Australian Army base and a RAAF base, minerals processing for copper and zinc, Townsville has a sound economic base.
The business has established solid trading figures over many years of operations with Turnover regularly above $800K and Gross Profit and Net profit holding despite 2019 flood event and the impacts of the pandemic.
History
Established mid 1970's and with the family of the current owners since 1983. Twenty six years with the current owners.
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