Summary
Opportunity exists to purchase one of Australia's most respected and long established skate and streetwear businesses.
Revenue
$12,000 pm
Expenses
$2,400 pm
Net Profit
$3,000 pm
Location Details
14 levanswell Rd, Moorabbin
Online - can be operated from anywhere
Current stock located in Melbourne warehouse
Potential
Huge opportunity exists to purcahse the IP, Shopify website and comprehensive customer list for one of Australia most respected and long established Skate / Streetwear stores. Opportunity to open branded retail store and operate this online business from a brick and mortar location
Skills
Love skateboarding and street fashion
Retail and Digital Marketing experience would be advantageous but not necessary
Hours
Flexible
Lease
Currently there are no leases in place
Employees
1 experienced employee can be provided however this business would best suit an owner operator with an interest in the skate and streetwear space
Reason for Sale
Owner has signed a multi-year licensing deal with a global brand and returning to wholesale and distribution as key focus.
About the Business
Once boasting a national chain of over 8 stores "Street Machine" has grown to be a household name in skateboarding, sneakers and street fashion. Hosting many of the best brands including Carhaart, Xlarge, footwear giants Adidas and a highly coveted Nike SB account. Street Machine is one the few hand selected accounts in Australiathat holds a Nike Dunk tier. Currently the biusiness exists online only as we recently closed the Byron Bay store which was our last brick and mortar location. The online business currently turns over around $10-$12k per week and would benefit greatly from a bricks storefront and a motivated owner / manager to operate what is a relatively simple and scaleable retail business.
Asking a very reasonable $200k plus SOH for a quick sale
Included in the sale will be substantial comprehensive mailing lists, IP, business name, various subscriptions, store fixtures, signage and consumables such as branded shipppoing satchels and shopping bags.
History
Established in 1995, Street Machine has become a household name for skateboarders across the nation. Our first store was in Smith Street Collingwood followed shortly by a store in Chapel St Prahran. Another 5 stores were opened over the years including premium locatuions such as Church St Brighton, Eastland, Emporium Melbourne amd Jonson Street Byron Bay.
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