CARDS AND GIFTS - NORTH SHORE SHOPPING CENTRE - WELL ESTABLISHED - AWARD WINNING

12 days ago

Location:
North Shore 2444 > Regional NSW > New South Wales

Investment level:
$195,000 + SAV

Type:
Business

Industry:
Retail > Gifts & Florists

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Internal Ref: WL401

Summary

Cards and Gifts - North Shore Shopping Centre WELL RESPECTED AND ESTABLISHED EXCELLENT AND COMMITTED TEAM OF STAFF EXTREMELY HIGH MARGINS EXCELLENT SUPPLIER RELATIONSHIPS NICE FIT-OUT

Revenue

$702,604 pa

Rent

$170,137 pa

Net Profit

$109,485 pa

Location Details

Shop is situated in a prominent position, within a superb shopping centre on the North Shore of Sydney. It has been located there for many years, and enjoys huge passing trade and regular clientelle.

Potential

The shop is currently run by the owner, although she allows herself very flexible hours, and travels a lot. She has surrounded herself by extremely capable staff, and manager, whom is capable of running the business independantly, when required. There would certainly be an opportunity for a committed owner operator, to reduce staff wages if willing to do more personal hours.

Hours

Mon, Tues, Wed, Fri- 9:00am - 5:30pm
Thurs-9:00am to 9:00pm
Sat-9:00am to 5:00pm
Sun & Pub Hol -10:00am to 5:00pm

Lease

New lease available to an approved tenant

Employees

8 Casual Staff

Reason for Sale

The owner has been running this business for many, many years. She has succeeded in growing it into a nice business, and is simply in need of a change. Very motivated to assist with a handover to new owner.

About the Business

This business has been around for a long time, in the same location, year on year, just ticking all the right boxes. Sales have been very steady, and they enjoy a very regular clientele.

WELL RESPECTED AND ESTABLISHED
EXCELLENT AND COMMITTED TEAM OF STAFF
EXTREMELY HIGH MARGINS
EXCELLENT SUPPLIER RELATIONSHIPS
NICE FIT-OUT

Wonderful and committed long term staff in place. The owner travels overseas regularly, and enjoys complete peace of mind that the business is being managed and run perfectly, by responsible and very loyal manager and capable team, that enjoys meaningful relationships with many of their regular clientele.

The business is situated in a perfect and prominent location within a high-end shopping centre,  perfectly located right across from the food court. Foot traffic / passing trade is significant in this area of the centre.

The shop has won recent awards which they pride themselves on. Very little direct competition for a combination of cards and gifts. The store stocks a large range of greeting cards for all occasions, wrapping materials, novelties and gifts.

Extremely good and long-term relationships exist with suppliers, which allows for flexibility and growth.

Landlord has indicated that a new lease will be made available to an approved tenant.

Certainly an opportunity for a full-time owner operator to increase personal earnings by reducing some part-time staff, or similarly, to continue enjoying a very flexible lifestyle as the current owner is able to.

Full and comprehensive information available to a prospective purchaser. Genuine seller and priced to sell.

Contact: Warren Levy - 0414 474 777

History

The shop was a part of a franchise group, many years ago, when purchased by current owner. Some years later, she decided to re-brand and leverage off the goodwill that existed, without the need for for running franchise fees and associated requiremements. Having said that, she very successfully leveraged off rock solid existing supplier relationships and discounts, for the next phase, which has certainly added great profit margins and benefit to this business.

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