Flourishing Art Supplies Retailer & E-commerce

13 days ago

Send an enquiry

All personal information submitted by you as part of an enquiry will be used by us in accordance with our Privacy Policy
 

Internal Ref: 6960605

Summary

Brilliantly grasping $380,000+ net profit a year from integrated revenue streams

Revenue

$1,800,000 pa

Net Profit

$380,000 pa

Location Details

#1 Fronting the street along bus routes, next door to shopping centre and within walking distance to two major universities
#2 Subtly located in Sydney’s most renowned artistic block, within walking distance to bus stops and train station

Hours

#1 Mon-Fri 9am-6pm, Thur till 7pm, Sat 10am-5pm, Sun 11am-4pm
#2 Mon-Fri 9am-6pm, Sat 10am-5pm, Sun 11am-4pm

Lease

#1 Lease expiry in June 2023
#2 Lease expiry in May 2020 with 2 years Option

Employees

#1 A full-time store manager in place, 2-3 full timers required a day
#2 A full-time store manager in place, 1-2 full timers required a day

About the Business

Flourishing Art Supplies Retailer & E-commerce

· The one destination frequented by all art professionals, students, hobbyists and enthusiasts
· Specialty supplies and services conveniently housed in one store for all art, design and architectural needs
· The business comprises two retail stores and three e-commerce sites
· Revenue from the storefronts stays above $1.5mil p.a.
· The online channels contribute over $250k sales p.a.
· Suitable for an experienced retailer, an investor who has a complementary business or simply an art enthusiast

Financials:

Sales: ˜ $37,000/wk
Profit: ˜ $7,700/wk
Rent: ˜ $4,500/wk
Wages: ˜ $7,000/wk (under management)
Utilities: ˜ $300/wk

#1 Premise:

· Owned for 7 years
· Shop area approx. 250 sqm plus a 50 sqm storage area and a 40 sqm office area

#2 Premise:

· Owned for 11 years
· Approx. 100 sqm including a 2 sqm storeroom

Share this business

It looks like you’re quite fond of this business. Why not save it so you don’t lose it?
Do not ask again

Share this Ad


Cancel

Report this Ad


Cancel