Discount Variety Store (Coastal Location) Walk In/ Walk Out

2 days ago

Location:
Regional Victoria > Victoria

Investment level:
$190,000 (Negotiable)

Type:
Business

Industry:
Retail > Discount & Variety Stores

Private Seller

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Summary

A rare opportunity has arisen to purchase long operating Variety & Gift Shop. It has been trading since 2003 and has been recently redone and improvements made. This is a walk in/walk out sale.

Location Details

Situated in a lovely Coastal town one street over from the sea,
with lovely views and affordable housing.
Theee are whales, seals and fishing.
There is lots coming to town including a solar farm,
wind farm a new retirement village.

Potential

This gift and variety shop has the potential to have huge growth steadily.
It is a shop that is well known to everyone in town and it has stood the test of time.
It has a really great environment that people love plus it is bright and well presented.
It’s located centrally one street from the beach, close to all amenities, has lots of car parking and is situated near a cafe, clothing shop, banks and more.
Anyone who owns this business will be able to gross a suitable income and live comfortably in a beautiful seaside location.

Skills

Retail
Customer Service
Merchandising
Stock Knowledge
People Skills

Hours

Monday to Friday
9am to 5pm
Saturday
9am to 2pm
Sunday
10am to 2pm
Sunday optional to open or not to open

Lease

3 years with the option to extend.
Cheap rent and an absolute gem of a landlord.
He is very accommodating.

Employees

We run the business ourselves and there is a person available to help out when necessary if you require. She worked with the previous owner for 4 years.

Reason for Sale

Personal (loss of family and medical issues.)

About the Business

A centrally located Gift & Variety Business one street from the sea in this lovely coastal location.
It has been operating since 2003 and is gaining more momentum since the recent upgrades and updating has been implemented.
It is a very regrettable sale.
The town this shop is located in is wonderful and very friendly.
Even though the shop can get busy it has relaxed and friendly atmosphere and it has a lot of loyal customers who always shop with them.
Recently a party, craft, wool and storage wall have been added to the shop.
The items this shop stocks include Craft, Wool, Party items, Garden, Camping, Candles, Reed Diffusers, Toys, Painting items, Health & Beauty, Stationary, Frames, Paints, Imitation Flowers, Kitchen, Cleaning, Storage, Cards, Gift Boxes/Bags and more.
It is one of the only two discount shops in town to a population of 9,500 and is gaining more popularity each week. Recently a new OTR has opened and there is more to come.
There is a new solar farm, wind farm, a 123 person retirement village is being built plus there has been talks of a Bunnings and there are roughly 6 large cruise ships that come in at the start of the year and tourists through the year.
The advertising for the business consists of a facebook page plus the business is advertised on the local radio for a very reasonable fee p/m.
This is a walk in and walk out offer.
It has low overhead costs and can provide someone/ a couple with a very affordable income.
The price of the business includes $60,000 to $70,000 of stock.
The new owner will get 2 weeks Training before taking over, also we will take you to meet the suppliers, the transport company has been set up for stock delivery at a reasonable rate, there is online ordering and we will introduce lol the reps to the new owner/s.
This is a rare opportunity for a great business which is bucking the trend and seeing incredible growth especially in the last 6 months.

History

Opened in 2003 this Variety/Gift Shop has stood the test of time and is still going strong.
The recent renovations and changes made in store have improved its value and popularity.
The brand has really started focusing on the needs of its customers and is becoming very poular/successful.
The shop is one street from the sea and with new investments coming to town including an abalone farm, new wind farm and solar farm there will be lots of growth.
The town has affordable housing and a wonderful lifestyle.

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