Summary
Established gift & lifestyle retail business in a prime Perth shopping centre. Beautifully presented, turnkey operation with loyal customers, strong seasonal trading and scope for growth.
Revenue
$500,000 pa
Rent
$80,000 pa
Expenses
$485,000 pa
Net Profit
$15,000 pa
Location Details
Shopping centre in Perth's western suburbs
Hours
Monday - Friday 9.00am - 5.30pm
Saturday 9:00am - 5:00pm
Sunday 11:00am - 3:00pm
Lease
Expires in April 2029
Employees
One or two casuals as required (Approx 1.5 FTE)
Reason for Sale
Reluctant sale due to a change in personal circumstances
About the Business
Established gift and lifestyle retail business located in a shopping centre in Perth’s western suburbs. The business offers a carefully curated range of gifts, homewares, accessories and lifestyle products, with an attractive and modern retail presentation.
The business is currently operated under management, providing an opportunity for an incoming owner to either continue with the existing management structure or take a more hands-on role.
Fully operational and turnkey, the business has established supplier relationships, retail systems, fixtures, fittings and equipment in place.
With approximately 80sqm of retail space and an established customer base, the business has demonstrated strong seasonal trading, particularly in the lead-up to Christmas. There is also scope for a new owner to build on the existing foundations through fresh ideas, marketing initiatives, product selection and further development of the online presence.
The business operates with lean staffing requirements and is suitable for an owner-operator, partnership or investor looking for an established retail opportunity.
The lease is secured through April 2029, providing an incoming owner with a defined period to establish and grow the business.
Net Income for Owner/Operator is $100 - 130k per year.
History
Established over 35 years ago, this well-known gift and lifestyle retail business has built a strong local presence and loyal customer base. The business has evolved over the years while maintaining its established reputation and customer following, and is currently operated under management.
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