Homeware Hardware - Eastern Suburbs

6 days ago

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Internal Ref: GNGD1050

Summary

SBX Code: GNGD1050 - Gifts - Retail - Homewares - Toys - Eastern Suburbs

Rent

$76,076 pa

Net Profit

$77,064 pa

Location Details

Situated in major shopping centre in Eastern Suburbs.

Potential

Suit a new owner who can dedicate more time to the business - there is huge growth potential from replicating the store concept through other outlets or franchising -

Hours

7 days - Mon. - Wed. & Fri. - 9 a.m. to 5.30 p.m. - Thurs.- 9 a.m. to 9 p.m. - Sat. - 9

Lease

Current lease expires 6th May, 2019 - Centre very keen to renew lease on same terms - Annual C.P.I

Employees

Manager + 1 casual (from a pool of 4 casuals) - owner supervises periodically

About the Business

Gifts - Retail - Homewares - Toys - Eastern Suburbs

SBX Code: GNGD1050
Retail gift & homewares concept store - Sophisticated product range including interior fragrances, stationery, cards, gift wrapping, kids toys, scented candles, mens gifts, gifts, collectables, games, chess sets, puzzles, homewares, skin care, jewellery, lighting - Excellent web & social media presentation & following - Powerful & sophisticated LightSpeed POS system - 4 camera CCTV security system with mobile viewing of store & staff -

Potential
Suit a new owner who can dedicate more time to the business - there is huge growth potential from replicating the store concept through other outlets or franchising -

Features
Superb fit-out - Loyal repeat customers - Huge fan following on Instagram, Facebook, website - Excellent relationship with suppliers who provide exclusive products. - Price includes stock.

Premises
Beautiful shop fit-out and store window with an area of 47.5 sq. mts.

Location
Situated in major shopping centre in Eastern Suburbs.

Trading Hours
7 days - Mon. - Wed. & Fri. - 9 a.m. to 5.30 p.m. - Thurs.- 9 a.m. to 9 p.m. - Sat. - 9 a.m. to 5 p.m. - Sun. - 10 a.m. to 5 p.m.

Lease
Current lease expires 6th May, 2019 - Centre very keen to renew lease on same terms - Annual C.P.I. + 2.0% rental increases.- Bond 4 months.

Employees
Manager + 1 casual (from a pool of 4 casuals) - owner supervises periodically

Comments
Original fit-out cost exceeded $200K. - Business being sold at stock value only.

SBX Code: GNGD1050

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