Summary
Established Mount Waverley gift & homewares store. Business only $30K + stock by negotiation. Shopify wholesale site included. Ideal owner-operator or family business.
Revenue
$375,000 pa
Rent
$72,000 pa
Net Profit
$50,000 pa
Potential
Strong opportunity for a hands-on owner-operator. With active management, the business has potential to generate approx. $60K-$90K profit p.a. Established retail store plus Shopify wholesale website for aprons, tea towels and oven mitts. Further upside through online retail, wholesale customers, refreshed ranges and digital marketing.
Skills
General retail management and customer service skills required. Experience in gift/homewares sector preferred but not essential. Basic computer skills for operating Shopify platform and POS system. No special qualifications needed.
Hours
Monday to Saturday, standard retail hours.
Lease
Approximately 3 years remaining on lease. Current rent approximately $6,000 per month.
Reason for Sale
The owner has limited time to manage and grow the business. This is a genuine and motivated sale, with handover support available for the right buyer.
About the Business
Rare opportunity to acquire an established giftware and homewares business in Mount Waverley with long trading history and a broad product range.
Business asking price is only $30,000. Stock is additional and flexible by negotiation for the right buyer. The buyer may discuss the preferred stock level and handover structure, which helps keep the entry cost flexible.
This is a ready-to-operate retail business with existing stock, supplier relationships, customer base and systems already in place. The store sells Australian gifts, souvenirs, homewares, candles and fragrance products, toys, accessories, kitchenware, tableware, aprons, tea towels, oven mitts and lifestyle products.
The business has relationships with reputable gift and homeware suppliers and is suitable for an owner-operator, couple or family business wanting to take over an established store rather than starting from zero.
Annual sales are approximately $350,000-$400,000, with annual profit approximately $50,000. Rent is approximately $6,000 per month and the lease has approximately 3 years remaining.
A Shopify wholesale website is also included. The wholesale side is newly started, giving the buyer additional growth potential through online sales, B2B wholesale, corporate gifting, local delivery and social media marketing.
Current stock is approximately $120,000 at value, but stock level and structure can be negotiated with genuine buyers.
Serious enquiries only. Financials and further information can be provided to genuine buyers after initial enquiry.
History
The business has been established for more than 50 years and has built a loyal customer base in the Mount Waverley area. Over time it has developed trusted supplier relationships and a strong foundation in gifts, homewares and lifestyle products.
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